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High Tech Ventures (HTV) currently has 250,000 shares outstanding that are all owned by the founder. You are a venture capitalist considering a $1.80 million

High Tech Ventures (HTV) currently has 250,000 shares outstanding that are all owned by the founder. You are a venture capitalist considering a $1.80 million investment in HTV in return for 40% equity stake. How many new shares would need to be issued?

a) 145,333
b) 200,000
c) 100,000
d) 166,667

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