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A venture capital company buys 400,000 shares of a start-up's stock for $6.40 million. If the company has 2.3 million shares outstanding prior to the

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A venture capital company buys 400,000 shares of a start-up's stock for $6.40 million. If the company has 2.3 million shares outstanding prior to the purchase, what is the company's pre-money value? What is its post-money value? (Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places.) Answer is complete but not entirely correct. Pre-money value $ 51.00 million Post-money value $ 59 20 million

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