You want to open a business that will require you to raise $5 million . If undertaken, the present value of the business is $20 If potential equity investors believe that you will behave opportunis-...


You want to open a business that will require you to raise $5 million . If undertaken, the present value of the business is $20 If potential equity investors believe that you will behave opportunis- tically and award yourself an excessive salary of $2 million, what percentage ownership will they require in order to invest the $5 million in your idea? Round your answer to the nearest tenth of a percent.



Jun 02, 2022
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