Suppose a company raises $17,500,000 in addition to 30 million common shares outstanding and in exchange for 20% ownership in form of Convertible Preferred Securities (with a 1.2x Liquidity Preference and NO dividends). Let's suppose the company was acquired for 112,000,000 in Cash precisely 3 Years after the $17,500,000 Investment was made in the company. If the investor is rational, the Price Per Common Share is:

- A. $2.09

- B. $2.99

- C. $2.43

Then, using the example above, what is the Price Per Common Share if the investor received 20% ownership in form of Participating Preferred Securities and was granted a 10% Cumulative Dividend?

- A. $3.03

- B. $2.29

- C. $2.42