You calculate that your net cash burn rate is $250,000 per m…
You calculate that your net cash burn rate is $250,000 per month. Assuming this rate holds constant for the next few years and that you have a $2.5 million cash balance, what is the minimum amount you would have to raise to fund your company for the next two years? (IMPORTANT! Answer in millions of dollars, i.e. 2,000,000 is recorded as 2. Round answer to 2 decimal places. E.g., 7 is recorded as 7.00, 6.457 is recorded as 6.46, etc. If canvas corrects 7.00 to 7.0 that’s okay.)
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