Suppose a company raises $15,500,000 in addition to 24 million shares outstandingand in exchange for 25% ownership in form of Convertible Preferred Securities (witha 1.5x Liquidity Preference and NO Dividend). Lets suppose the company wasacquired for 109,000,000 in Cash precisely 4 Years after the $15,500,000 Investmentwas made in the company. If the investor is rational, the Price Per Common Share is:

$4.54

$3.41

$3.57

$2.68