Problem
There are many venture capital syndicates that consist of a few (say, eight or ten) wealthy people who combine to make investments in small and (hopefully) growing businesses. Typically, the investors hire a young investment manager (often an engineer with an MBA) who seeks and analyzes investment opportunities for the group. Would you estimate that the MARR sought by this group is more or less than 12%? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.