Suppose VCs invested $6 million to purchase Series A Convertible Preferred Shares. The Series A shares: have a 1X liquidation preference (as is standard for convertible preferred) do NOT participate with common shares on an "as converted" basis after the liquidation preference has been paid - shareholders must either keep their preferred shares or trade them for common shares are convertible to the equivalent (on an as-converted basis) of 40% 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. Assume that there have been no further share issues, and that the Series A shareholders will choose the option that makes them the most money.] How much will the Series A shareholders get if the company is sold for $14 million? What if it is sold for $22 million? Choose the correct combination of payoffs. [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. Assume that there have been no further share issues, and that the Series A shareholders will choose the option that makes them the most money.] How much will the Series A shareholders get if the company is sold for $14 million? What if it is sold for $22 million? payoffs.