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Please show each step. Do not use excel. 1) You founded your own firm three years ago. You initially contributed $200,000 of your own money
Please show each step. Do not use excel.
1) You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 2 million shares of stock. Since then, you have sold an additional 1 million shares of stock to angel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $4 million and would receive 2 million newly issued shares in return. The post-money valuation of your firm is closest to A) $10.0 million B) 89.0 million C) 84.0 million D) $3.5 millionStep by Step Solution
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