6. ABC.com anticipates that it will need $12,000,000 in venture capital to achieve a terminal value of $240,000,000 in five years. A. Assuming it is a seed stage firm with no existing investors, what annualized return is embedded in their anticipation? (Show all your work) B. Suppose the founder wants to have a venture investor inject $12,000,000 in three rounds of $4,000,000 at time 0, 1 and 2 with time 5 exit value of $240,000,000. If the founder anticipates returns of 75%, 55% and 35% for round 1, 2 and 3, respectively, what percent of ownership is sold during the first round? During the second round? During the third round? What is the founders 'year-five ownership percentage