5 Some years ago you started your own firm and you own all of the 750 000 outstanding stocks. Now you need additional capital in order to grow. A venture capitalist is willing to invest $1 million for a 30% share in your company. You plan to issue new shares to sell to the venture capitalist. a. How many shares must you issue and sell to the venture capitalist so that they end up with 30% of your company? Answer in millions, with two decimals (i.e. 0.9, not 900 000). millions b. Now assume that you sold 350 000 new shares to the venture capitalist for $1 million. What was the Pre-Money Valuation of your firm? Answer in millions, with two decimals (i.e. 1.45, not 1 450 000). millions Totalpong: 10