A
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Equity ValuationHard

NovaTech Biomedical seeks $12 million in Series A funding. The VC expects an exit in Year 6 with projected revenue of $60 million at a 3.5x revenue multiple, and requires a 55% annual return. NovaTech currently has 4 million shares outstanding. The pre-money valuation is closest to:

CFA Level II — Equity Valuation Practice Question | AcadiFi | AcadiFi