Mikes identity platform goes viral with customer acquisition growing at 40% per month for the past 12 months. Many investors are interested in investing in the A round. Mike wants to raise $10,000,000 for 25% of the company. How much of the company would Mike own after this deal, assuming no option pool. Remember that Mike sold 20% in the seed round and he was the only investor prior to that round.

1. 20%
2. 50%
3. 60%
4. 70%
5. 75%