Assume that Everest proposes to invest $30.0 million in ORN. The projection for 2017 EBITDA they are willing to believe is $152.0 million, and that the mean Forward EV/EBITDA multiple of comparable companies they will use is 10.1x. Using the VC method and assuming a target return of 40.0% per year, what percentage ownership of the company does Everest need to get for its $30.0 to obtain its target return? Their investment will be used to buy new shares issued by the firm, not to buy out current shareholders. Remember that since the comps are publicly traded and ORN is private, Everest applies a 40% discount to the comp multiples.