Suppose VCs invested $5 million to purchase Series A Participating Preferred Shares. The Series A shares: have a 2x liquidation preference participate with common shares on an "as converted" basis (after the liquidation preference has been paid) are convertible to the equivalent (on an as-converted basis) of 30% of the shares. [Note that you do not need to know the number of shares or the conversion ratio, because you know the ultimate percentage of shares owned on an as-converted basis.] If the company is sold for $30 million, how will the funds be distributed? Give your payout totals for each group, clearly labelled so that I can see which totals belong to which group (the VCs versus the common shareholders). Show your work for the possibility of partial credit. Suppose VCs invested $5 million to purchase Series A Participating Preferred Shares. The Series A shares: have a 2x liquidation preference participate with common shares on an "as converted" basis (after the liquidation preference has been paid) are convertible to the equivalent (on an as-converted basis) of 30% of the shares. [Note that you do not need to know the number of shares or the conversion ratio, because you know the ultimate percentage of shares owned on an as-converted basis.] If the company is sold for $30 million, how will the funds be distributed? Give your payout totals for each group, clearly labelled so that I can see which totals belong to which group (the VCs versus the common shareholders). Show your work for the possibility of partial credit