(5 points) 7. Suppose a company just arranged its first funding round with a VC The VC is nvesting $6 million in exchange for Series A convertible preferred shares, based on a S7 million pre-money valuation. There are 14 million common shares currently outstanding (and no other convertible or participating preferred shares outstanding) a) What price per common share is the VC paying? b) How many shares will the VC effectively own (on an 'as converted' basis) after this round? c) How many total shares (again on an as converted" basis) will there be after this round? d) What percentage of the common stock will the VC effectively own after this round? (Hint: In class, you were shown two ways to calculate this. If you made a mistake along the way in these calculations, you're more likely to find that mistake if calculate this answer both ways.)