Main Task: Skylar and Chloe ask for $25 000 in exchange for 10% of their business. How much do they think their business is worth? Use any strategy you like, and be prepared to share your thinking with the class!
Extension: Manjit offers Skylar and Chloe $25 000 for 20% of their business. Looking at the company value at 10%, make an estimate of the company value at 20%. Then, figure out the exact company value at 20%. Was your estimate correct? Explain your estimation process, and how you would adjust it (if needed) to get a better estimate next time.