Live Deliciously NOTE ON ANSWER ACCURACY: In all parts of this question, the answer must be accurate to 3 decimal places. It will be considered correct if it is within +/-0.001 of the correct answer. For example, if the correct answer to a question is "10.500", then "10.499" and "10.501" will also be correct. This is because many parts of the question set depends on previous parts. So you want to make sure you have the correct value and understanding before moving on. Series A Venture Capital Financing: Live Deliciously is a start-up firm in need of financing after surviving to this point only on the savings of the founder. That founder, Phillip Black, finds a Series venture capital investor group willing to pay $23.0 million in order to acquire a 30.0% stake in the firm. This would be the first use of any outside capital by the firm. Series B Venture Capital Financing: Three years after the first round of financing, Live Deliciously received a second Series B round of venture capital financing. The investors provided $63.0 million for a 40.0% stake of the firm. E) Due to the Series B round of financing, Phillip Black's percentage ownership stake of Live Deliciously has decreased by % of total ownership to %, whereas the value of Phillip Black's ownership stake has changed by $ million to $ million. (Round your answer to 3 decimal places. Use the unrounded values in any subsequent calculations that need them) F) Due to the Series B round of financing, the Series A investors' ownership stake of Live Deliciously has decreased by % of total ownernship to %, whereas the value of the Series A investors' ownership stake has changed by $ million to $ million. (Round your answer to 3 decimal places. Use the unrounded values in any subsequent calculations that need them) Live Deliciously NOTE ON ANSWER ACCURACY: In all parts of this question, the answer must be accurate to 3 decimal places. It will be considered correct if it is within +/-0.001 of the correct answer. For example, if the correct answer to a question is "10.500", then "10.499" and "10.501" will also be correct. This is because many parts of the question set depends on previous parts. So you want to make sure you have the correct value and understanding before moving on. Series A Venture Capital Financing: Live Deliciously is a start-up firm in need of financing after surviving to this point only on the savings of the founder. That founder, Phillip Black, finds a Series venture capital investor group willing to pay $23.0 million in order to acquire a 30.0% stake in the firm. This would be the first use of any outside capital by the firm. Series B Venture Capital Financing: Three years after the first round of financing, Live Deliciously received a second Series B round of venture capital financing. The investors provided $63.0 million for a 40.0% stake of the firm. E) Due to the Series B round of financing, Phillip Black's percentage ownership stake of Live Deliciously has decreased by % of total ownership to %, whereas the value of Phillip Black's ownership stake has changed by $ million to $ million. (Round your answer to 3 decimal places. Use the unrounded values in any subsequent calculations that need them) F) Due to the Series B round of financing, the Series A investors' ownership stake of Live Deliciously has decreased by % of total ownernship to %, whereas the value of the Series A investors' ownership stake has changed by $ million to $ million. (Round your answer to 3 decimal places. Use the unrounded values in any subsequent calculations that need them)
