The entreprenuers believe their company can be sold for $60 million in four years. They need $6 million in capital now and $3 million in three years.
The founders want to keep their 1 million shares. The VC discount rate is fifty percent.
	a) What is the post-money valuation at the time of the second-round financing?
	b) What is the post-money valuation at the time of the first round financing?
	c) What is the stock price after the first round of financing?
	d) What is the stock price after the second round of financing?