Assume that Pine \\& Cedar Inc. has the ownership structure described in the cap table below: The company needs additional capital, and is seeking funding in a Series B round of financing. An outsider investor is willing to invest \\( \\$ 12 \\) million at \\( \\$ 0.75 \\) per share. Assuming the Series A investor's convertible shares carry a full ratchet PROVISION, answer the following question: 1) What is the percentage ownership of the Series A investor after the Series B round of financing? ENTER YOUR ANSWER AS percentage and two decimals