Question 1: In January 2018, the firm Canva raised $40 million which corresponded to a post-money valuation of $1 billion.

1a: What was its pre-money valuation in billions? Answer to 4 decimal places. So if your answer is $0.987654321 billion, write 0.9877.

1b: If there were 1 million shares before this January 2018 capital raising, how many were there immediately after? Answer in millions, correct to 4 decimal places. So if your answer is 0.987654321 million, write 0.9877.

1c:What proportion of the companys equity did the new investors hold after this capital raising? Again, assume that there were 1 million shares before the capital raising. Give your answer as a decimal proportion correct to 4 decimal places. So if your answer is 98.7654321% which is 0.987654321 as a decimal, write 0.9877.