Question 1: Calculate hoy ruch Doug rould rake if he took the Turn offer to buy Yieldex for $4 rillion not. The case (page 2) states that angel investors get 2x their invested capital in a cash sale (i. e., $2 per each $1 invested), and 25% of all the stock paid by the buyer in a sale in which the buyer pays with its own stock. Assumptions: 1. Assume that, before the Turn offer, the amounts invested by angel investors in convertible debt are those shown in Exhibit 4 and listed below: $65, 800 for Angel A; and $156, 667 for Angels B, C, and Tom Washing. 2. Ignore the interest earned on the convertible debt. 3. Recall that Turn has offered to purchase Yieldex for a combination of $2 million cash and $2 million of Turn's stock. Suppose that in such case, angel investors get 50% of the cash they would have received in a cash-only sale (i.e., 50% of 2x their invested capital) plus 50% of the Turn stock they would have received in a stock-only sale valued at $4 million (i.e., 50% of 25% of $4 million). CALCULATE THE CAP TABLE AT THE TIIE OF THE TURN OFFER Angel investors Angel A Angel B Angel C Tom Washing Total Investment $65, 800 $156, 667 $156, 667 $156, 667 $535, 801 Price offered by Turn for Yieldex: Value of the cash plus Turn stock received by angels out of the $4 million sale proceeds: $4,000,000 Hov ruch rould Doug nake if he accepts the Turn offer (assuing he orns all the conon shares of Yieldex)? Question 1: Calculate hoy ruch Doug rould rake if he took the Turn offer to buy Yieldex for $4 rillion not. The case (page 2) states that angel investors get 2x their invested capital in a cash sale (i. e., $2 per each $1 invested), and 25% of all the stock paid by the buyer in a sale in which the buyer pays with its own stock. Assumptions: 1. Assume that, before the Turn offer, the amounts invested by angel investors in convertible debt are those shown in Exhibit 4 and listed below: $65, 800 for Angel A; and $156, 667 for Angels B, C, and Tom Washing. 2. Ignore the interest earned on the convertible debt. 3. Recall that Turn has offered to purchase Yieldex for a combination of $2 million cash and $2 million of Turn's stock. Suppose that in such case, angel investors get 50% of the cash they would have received in a cash-only sale (i.e., 50% of 2x their invested capital) plus 50% of the Turn stock they would have received in a stock-only sale valued at $4 million (i.e., 50% of 25% of $4 million). CALCULATE THE CAP TABLE AT THE TIIE OF THE TURN OFFER Angel investors Angel A Angel B Angel C Tom Washing Total Investment $65, 800 $156, 667 $156, 667 $156, 667 $535, 801 Price offered by Turn for Yieldex: Value of the cash plus Turn stock received by angels out of the $4 million sale proceeds: $4,000,000 Hov ruch rould Doug nake if he accepts the Turn offer (assuing he orns all the conon shares of Yieldex)?
