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Amir is the founder of a company and owner of 3 . 2 million of its shares. Two years ago, the company raised $ 1

Amir is the founder of a company and owner of 3.2 million of its shares. Two years ago, the company raised $1.0 million from outside investors through an issue of shares. The issue provides these outside shareholders with a full ratchet provision. Recently the company raised $1.25 million from a venture capitalist for 50% of the company's equity on a post-money basis. What number of shares will the venture capitalist receive? Express your answer in millions to two decimal places i.e.4.2 million shares should be expressed as 4.2'

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