An analyst estimates that an initial investment of $500,000 in a venture capital project will pay $6 million at the end of five years if the project succeeds and that the probability the project survives to the end of the fifth year is 25 percent. The required rate of return for the project is 19 percent. The expected net present value of the venture capital investment is closest to:

[单选题]An initial investment of $1 million in a venture capital project is expecte

[单选题]An analyst does research about capital investment project. A company is eva

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[名词解释] 风险基金(venture capital)

[单选题]An analyst determined the following cash flows for an expansionary capital

[单选题]The venture-capital-backed firms are more successful because they.（ ）[A] have invested in innovation[B] are good at stock exchanges[C] have abundant funds[D] have increased employment