Venture investors generally use which one of the following target rates to discount the projected cash flows of ventures in the "development" stage of their life cycles:

Venture investors generally use which one of the following target rates to discount the projected cash flows of ventures in the "development" stage of their life cycles:


a. 15%

b. 20%

c. 25%

d. 40%

e. 50%


Answer: 50%


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