Using the equity stake equation, if a business owner needed to raise $250,000 in equity and the company is worth $1,000,000, how much (what percentage) of the company would the owners have to give up if the growth rate is 15% and they expect to completely sell out in 5 yea

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using the equity stake equation, if a business owner needed to raise $250,000 in equity and the company is worth $1,000,000, how much (what percentage) of the company would the owners have to give up if the growth rate is 15% and they expect to completely sell out in 5 years?

 
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