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The founder of a company issues 300,000 shares of stock of series A stock for his own $250,000 investment. He then goes through three further

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The founder of a company issues 300,000 shares of stock of series A stock for his own $250,000 investment. He then goes through three further rounds of investment, as shown below: Round Series B Series C Series D Price $2.50 $2.75 $2.90 Number of Shares 200,000 350,000 150,000 Which of the following is closest to the percentage of the company owned by the founder of the company? 30.0% 38.8% 32.5% 25.0%

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