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David found a company and goes through the investment rounds shown below: Round Source Price Number of Shares Series A Self SO 50 375.000 Series

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David found a company and goes through the investment rounds shown below: Round Source Price Number of Shares Series A Self SO 50 375.000 Series B Angel $1.00 425,000 Series C Venture Capital $1.50 300.000 Series D Venture Capital $2.25 350,000 Ho decides to take the company public through an IPO, issuing 2 million new shares. Assuming that he successfully completes the IPO the net income for the next year is estimated to be $9 million His banker informs him that the price of shares should be set using average price comings ratios for similar businesses, which is 15. What share of the company wil David own after the IPO? OA 14% OB. 16% OC. 22% OD. 11%

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