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Most successful innovations are complex and focused.
The price/earnings ratio (multiple of earnings) method is determined by dividing the
market price of common stock by retained earnings.
The liquidity event stands for positioning the venture for the realization of a cash return
for the owners and investors.
The actual cost of 'opening the doors' of a franchise establishment can be more than
$200,000.
List the elements of a capital budget and define its main objective.
