15. (2 points). Consider Anti-dilution for multiple round as below. Rounds of Financing Series A Series B Series C $5,000,000 12,000,000 $6,000,000 $1.00 $6.00 $3.00 Amount Invested Round Stock Price Number of Shares 10,000,000 5,000,000 2,000,000 2,000,000 Normal Dilution Common 100.00% Series A Series B Series C 100.00% 100.00% 100.00% 100.00% Compute the ownership percentage of series B investor using the weighted average ratchet method based on Western version. Hint: Western Weighted average ratchet is based on [(A + C)/(B + D)] x old conversion price where A = the number of shares outstanding before the new investment; B = the number of shares after the new investment; C = the number of shares which have been issued for the price if the old or higher conversion price had been used; and D = the number of shares actually issued at the new price. A) 11.27% B) 9.78% C) 14.93% D) 12.07% E) None of the above 15. (2 points). Consider Anti-dilution for multiple round as below. Rounds of Financing Series A Series B Series C $5,000,000 12,000,000 $6,000,000 $1.00 $6.00 $3.00 Amount Invested Round Stock Price Number of Shares 10,000,000 5,000,000 2,000,000 2,000,000 Normal Dilution Common 100.00% Series A Series B Series C 100.00% 100.00% 100.00% 100.00% Compute the ownership percentage of series B investor using the weighted average ratchet method based on Western version. Hint: Western Weighted average ratchet is based on [(A + C)/(B + D)] x old conversion price where A = the number of shares outstanding before the new investment; B = the number of shares after the new investment; C = the number of shares which have been issued for the price if the old or higher conversion price had been used; and D = the number of shares actually issued at the new price. A) 11.27% B) 9.78% C) 14.93% D) 12.07% E) None of the above