31. To obtain the percent ownership to be sold in order to expect to provide the venture investor's target return, one must consider the cash investment today and the cash return at exit investor's target return, then a. multiplied; divide b. discounted; divide c. multiplied; divide d. discounted; multiply today's cash investment by the venture's NPV. 32. Which of the following financing rounds does not dilute the ownership of founders? a. first round b. second round c. incentive ownership round d. founder's round by the venture