Please see the attachment below

1. Elizabeth (EE) raises $6 million from Growth Equity Partners (GEP) for 30% of the Company , so that she can grow the business nationally. How many shares would GEP get for their $6 million investment? (Format 1.23 million shares as 1.23) Assume no anti-dilution protection of any kind. The correct answer is 4.29. Please show me how to get the answer. I appreciate.

2. Assume that after the Series A round the company is not doing very well. So Elizabeth (EE) raises a Series B round of $1 million from Growth Equity Partners (GEP) for 2.5 million preferred shares of the Company with a 5x liquidity preference , so that she can grow the business. How many shares would the Series A investors own after their dilution protection kicked in? Assume full-ratchet AD protection. The correct answer is 10.

| #shares before GEP investment , # of Shares Ownership % 28.0% 30.0% 42.0% 100.0% First VC (Series A) GEP Second VC (Series B) 4.0 40.0% 4.0 6.0 10.0 60.0% 6.0 Total | #shares before GEP investment , # of Shares Ownership % 28.0% 30.0% 42.0% 100.0% First VC (Series A) GEP Second VC (Series B) 4.0 40.0% 4.0 6.0 10.0 60.0% 6.0 Total