Simone founded her company using $175,000 of her own money, issuing herself 200,000 shares of stock. An angel investor bought an additional 200,000 shares for $125,000. She now sells another450,000 shares of stock to a venture capitalist for $2 million. What percentage of the firm does Simone now own?

a) 14%

b) 26%

c)24%

d)7%