Sanjay has approached you with the intent to apply under the Quebec Entrepreneur Program. He has a net worth of 1.5 million Canadian and intends to invest in an existing business in the province of Quebec and hold 25% equity.

Based on this information, will Sanjay be able to meet the criteria of this program?

Select one:

a. No, as an applicant must hold a minimum of 51% if they are investing in an existing business in the Province.

b. Yes, as an applicant under this program must hold a minimum of 25% equity in a business to meet the criteria.

c. Yes, as he has been involved in management with duties relating to financial management and administration.

d. No, as an applicant under this program must hold a minimum of 33% in a business to meet the criteria.