Question 17 (1 point) Mr. X founded a company and contributed $180,000 of his own money and in return he received 3.2 million shares of stock. Mr.X sold an additional 1.5 million shares of stock to angel investors and is currently considering raising capital from a venture capital firm. The venture capital firm would invest $2.4 million and would receive 480,000 newly issued shares in return. After the venture capitalist's investment, what percentage of the firm will Mr. Xown? A) 19.3% B) 68.0% C) 46.3% D) 29.0% E) 61.8%