Consider the following three investors, and all investors hold CP: (1) Series A: \$6M APP or converts to 10M shares. (2) Series B: \$12M APP or converts to 10M shares. (3) Series C: $10 M APP or converts to 10M shares. In addition to these investors, the founders hold 10M shares of common stock. Suppose the portfolio company is liquidated at the exit value of $60M. Who gets how much? Founder =$20M, Series A=$18M, Series B=$12M, Series C= \$10M. Founder =$26M, Series A=$12M, Series B=$12M, Series C= $10M. Founder =$32M, Series A=$6M, Series B=$12M, Series C=$10M. Founder =$15M, Series A=$15M, Series B=$15M, Series C=$15M