... shares the investor must have is 38, 46% and existing shares are 300.000, the number of new shares available to issue is 187 . 488 . 13.6 Venture capital method 187 488 300 000 38 461 384 6..,%,%ϭϪ* ... 312,203.00Operating costs 184 ,1 38. 00 223 ,88 9.00 263,005.00 275,977.00 289 ,7 68. 00EBITDA 12 ,86 6.00 16,417.00 20,246.00 21, 381 .00 22,435.00DepreciationϪ5,492.00 Ϫ7, 289 .00 8, 583 .00 8, 5 38. 00 Ϫ7,651.00EBIT ... risk capital and convertible bonds by a private equity operator. After three years, an increase in the risk capital was realized with the involvement of two new private equity fi rms, and in 2005...