Business, 23.09.2020 22:01 ArelysMarie
You are an entrepreneur starting a biotechnology firm. If your research is successful, the technology can be sold for $30 million. If your research is unsuccessful, it will be worth nothing. To fund your research, you need to raise $2 million. Investors are willing to provide you with $2 million in initial capital in exchange for 50% of the unlevered equity in the firm. What is the total value of the firm without leverage
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You are an entrepreneur starting a biotechnology firm. If your research is successful, the technolog...
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