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A venture capital company buys 4 0 0 , 0 0 0 new shares of a start - up's stock for $ 7 . 4

A venture capital company buys 400,000 new shares of a start-up's stock for $7.40 million. If the company has 2.8 million shares
outstanding prior to the purchase, what is the company's pre-money value? What is its post-money value?
Note: Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places.
Answer is complete but not entirely correct.
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