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A venture capital company buys 400,000 shares of a start-up's stock for $5.40 million. If the company has 1.8 million shares outstanding prior to the
A venture capital company buys 400,000 shares of a start-up's stock for $5.40 million. If the company has 1.8 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. )
Pre-money value:__________million
Post-money value:__________million
I got the answers below which were incorrect.
18,900,000.00 million
24,300,000.00 million
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