New Venture Corporation (NVC) is negotiating funding from a venture capital fund. After some intense negotiations the parties agree with NVC on funding of $7 million for a 45% annual expected return. They agree that NVC will execute an IPO in 3 years at which time the firm is expected to have net profits of $7 million and to sell at a P/E ratio of 20, which would put the company's value at $140 million. What is the value of the venture capital company's stock in NVC immediately following the IPO? (You may want to save your calculation for another related question.)

A.	24.98 million
B.	19.86 million
C.	30.08 million
D.	26.89 million
E.	21.34 million