Ethelbert.com is a young software company owned by two entrepreneurs. It currently needs to raise $$1,346,400$ to support its

expansion plans. A venture capitalist is prepared to provide the cash in return for a $40\%$ holding in the company. Under the plans for

the investment, the VC will hold $20,400$ shares in the company and the two entrepreneurs will have combined holdings of $30,600$

shares.

a$.$ What is the total after$-$the$-$money valuation of the firm?

Note: Enter your answer in dollars not millions.

b$.$ What value is the venture capitalist placing on each share?

Answer is complete but not entirely correct.