ABC company 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. Hint: use the Present Value formula and solve for the discount rate) B.Suppose the company founder wants to have a venture investor inject $12,000,000 in three rounds of $4,000,000 at times 0, 1, and 2 with time-5 exit value of $240,000,000. If the founder anticipates returns of 75%, 55%, and 35% for rounds 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?

Please explain your answer in simple way and in detail