$14.$ A potential investor is willing to provide $$500,000$ in first$-$round financing with the expectation of a $50\%$ annual compound rate of return over the next five years. Founders currently hold $1,000,000$ million shares of stock. The venture is expected to produce $$500,000$ in net income in year $5.$ A similar firm with annual net income of $$1,000,000$ sold shares to the public for $$10,000,000.$ What is the pre$-$money valuation?a$.$ $$120,300$b$.$ $$316,800$c$.$ $$158,400$d$.$ $$193,900$