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After its last round of financing, a venture had 400,000 shares outstanding and a post-money value of $2 million. If the entrepreneur is confident the

After its last round of financing, a venture had 400,000 shares outstanding and a post-money value of $2 million. If the entrepreneur is confident the company is currently worth 25% more and needs to raise $500,000, how many shares will he sell? What are the new pre- and post-money values of the venture?

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