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Question 6- An entrepreneur founded his company using $300,000 of his own money, issuing himself 300,000 shares of stock. An angel investor bought an additional

Question 6-

An entrepreneur founded his company using $300,000 of his own money, issuing himself 300,000 shares of stock. An angel investor bought an additional 100,000 shares for $250,000. The entrepreneur now sells another 450,000 shares of stock to a venture capitalist for $1.0 million. What is the post-money valuation of the company?

A. $2,172,222

B. $944,444

C. $1,888,889

D. $1,038,889

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