QUESTION $2$

'You founded your firm with a contribution of $$250,000,$ receiving $5,000,000$ shares of stock. Since then, you sold $6,000,000$ stocks to Angel Investors. Now

jou are considering raising more capital from a Venture Capitalist. They will invest $$7,000,000$ and would receive $5,000,000$ newly issued shares. If this is

he VC$\text{'}$s first investment in the company, what percentage of the firm will they end up owning? Note: Express your answers in strictly numerical terms. For

example, if the answer is $5$ percent, enter $0\mathrm{.}05$ as an answer."