Problem 15 1 Venture Capital (L01) You have purchased 1 million shares in a restaurant chain venture At this zero stage investment, your company's assets are $100,000 plus the idea for your new product Suppose that when you first approach your friendly VC, he decides that your shares are worth only $0 40 each a How many shares will you need to sell to raise the additional $500,000 Shares b What fraction of the firm will you own after the VC investment (Enter your percentage answer with 1 decimal place ) Fraction of own shares

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Problem 15 1 Venture Capital (L01) You have purchased 1 million shares in a restaurant chain venture  At this zero stage investment, your company's assets are $100,000 plus the idea for your new product  Suppose that when you first approach your friendly VC, he decides that your shares are worth only $0 40 each a  How many shares will you need to sell to raise the additional $500,000  Shares b  What fraction of the firm will you own after the VC investment  (Enter your percentage answer with 1 decimal place ) Fraction of own shares

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Problem 15-1 Venture Capital (L01) You have purchased 1 million shares in a restaurant chain venture. At

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Intermediate Accounting

Problem 15-1 Venture Capital (L01) You have purchased 1 million shares in a restaurant chain venture. At

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Intermediate Accounting

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