Social Distancing Ventures (SDV) make a $1 million Series A investment into Flatter Curve Inc. in return for 50% of their ownership. Unusually, they make the investment using common stock. To protect themselves from any incentive conflicts, they insist that Flatter Curve founder's stock should vest at a rate of 1/16th per quarter. After 9 months, Lock-down Enterprises makes a $2 million takeover offer for Flatter Curve. If the offer were to go ahead, how much of the proceeds would the founder receive? Assume the SDV is the only external investor in the business. Please answer in millions of dollars to two decimal places (e.g. $1,250,000 should be entered as 1.25) How much of the proceeds would the founder have received without vesting? Please answer in millions of dollars to two decimal places (e.g. $1,250,000 should be entered as 1.25)