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Series A Venture Capital Financing: Live Deliciously is a start-up firm in need of financing after surviving to this point only on the savings of

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Series A Venture Capital Financing: Live Deliciously is a start-up firm in need of financing after surviving to this point only on the savings of the founder. That founder, Phillip Black, finds a Series A venture capital investor group willing to pay $18.0 million in order to acquire a 20.0% stake in the firm. This would be the first use of any outside capital by the firm. A) What was Live Deliciously's implied firm value after the Series A financing round? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) million B) What was Phillip Black's percentage ownership stake after the Series A financing? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) % C) What was the dollar value of Phillip Black's ownership stake after the Series A financing? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) million $

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