Rustic Creations (RC) is a start-up business catering to the farm-house design craze. The company projects profits of $10MM in 5 years and expects to be valued in five years based on a Price to Earnings ratio of 20. RC has approached VC Partners for a $7MM equity investment. RC is seeking a 60% return on their investment. RC uses the VC method of valuation. What percentage ownership of RC will VC Partners require to justify their investment?

A. 28.8%

B. 36.7%

C. 52.4%

D. 79.7%