Toronto Beverage Company is about to receive $10,000,000 in new investment from Thomas Suds, a local investor. Toronto Beverage Company estimates that its company is currently worth (before accepting the investment from Thomas) $45,000,000. The company's tax rate is 31% and last year Toronto Beverage Company recorded $100,000,000 in sales and $11,000,000 in profit. Calculate Toronto Beverage Company's Pre-Money Valuation (before it receives the investment from Thomas).

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work