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Starware Software was founded last year to develop software for gaming applications. The founder initially invested $ 7 0 0 0 0 0 and received

Starware Software was founded last year to develop software for gaming applications. The founder initially invested $ 700000 and received 11 million shares of stock. Starware now needs to raise a second round of capital, and it has identified a venture capitalist who is interested in investing. This venture capitalist will invest $ 1.40 million and wants to own 19% of the company after the investment is completed.
a. How many shares must the venture capitalist receive to end up with 19% of the company? What is the implied price per share of this funding round? (round to 4 decimals)

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