Snares to Sell 5. Hyco Ventures, from the previous problems, has found an investor willing to invest the $1mm they need. Hyco now needs to calculate how many shares they need to sell to the investor and at what price it will sell them. After investing, the investor will own $1mm worth of a company whose value is $6mm. What % of the company will the investor own? Show your calculations. a. b. The founders and current investors own 500,000 shares of Hyco Ventures. Hyco is going to issue new shares to the investor, which will increase the number of shares outstanding. If the investor needs to own 16.67% of the company, then the founders will own 100 16.67 = 83.33% of the company. Then the following must be true: 500,000 = 1 -.1667 total shares outstanding Then the total shares outstanding after the investment transaction will have to be 500,000 Total shares outstanding after investment = 1 - 1667 So how many shares of stock will the company sell to the new investor