A VC investor is keen on making an investment of Kes. 12 million in a company that expects to acquire additional capital of 15 million for a 20% stake in the company before being listed in 5 years' time. The company expects to have an EBITDA of Kes. 25 million in year 5 and its peers which are listed in the stock exchange trade at an average EV / EBITDA ratio of 12 times. The investor has a target return of 30% for any investment they get into but feel that the EV / EBITDA of 12 times is on the higher side for a private company. Calculate: 1. What share of the company's equity should the VC ask for assuming no additional financing(round off to 2 decimal places) [4 Marks] 2. What share of the company's equity should the VC ask for assuming the company raises the extra Kes.15 million financing for a 20% stake to incorporate dilution? [4 Marks]