Marlie's and Tortie's venture Borsolona produces reusable plastic-like shopping bags made out

Question 26 5 pts Marlie's and Tortie's venture Borsolona produces reusable plastic-like shopping bags made out of used tea leaves. They managed to obtain financing from Lissilo Ventures through convertible preferred stock. They secured an investment of $3M at a pre-money valuation of $9M. The convertible's preferred terms are given by a liquidation preference of 1.33x and a dividend of 8.33%. The expected exit is projected four years down the road. Compute the conversion threshold for this security at the expected time of exit. (Round your final answer) O 10 O 15 020 Previous Net Not saved Sub