An investor offers you $706,274 in exchange for shares of your start-up company. The investor demands an annual rate of return of 64%, and expect that your IPO will be in 6 years. At that time you expect your firm to have annual income of around $1,812,034 dollars. A similar firm was recently acquired for $18,052,305 dollars. At the time of acquisition, their income was $1,836,685 million dollars per year.

What percentage of your equity should you give to the investor?