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True, False, or Uncertain: Other things equal, an increase in the volatility of the total valuation of a portfolio firm will increase the value of PCP (participating convertible preferred) as call options are embedded on the PCP. True False Question 6 1 pts A fictitious VC firm, EBV, that is considering a series A investment in a start-up company named Newco. The terms specify that EBV invests $5 million for 5M shares into Newco, which currently has 10M shares allotted to employees and founders. Security structure is as follows: First pay [one] times the Original Purchase Price on each share of Series A Preferred. Thereafter, the Series A Preferred participates with the Common Stock pro rata on an as-converted basis. Each share of Series A Preferred (PCP) will automatically be converted into Common Stock with QPO at \$5 per share. if the exit is $72, how much is the distribution to the VC? $32M $27,3 $24M $10.7M