The founders of a startup award themselves 1,000,000 shares of Series A common stock. The company then undergoes two rounds of external funding. The table below shows the number of shares issued and the price per share during each round. The table also shows the liquidation preference for the shareholders in each round. Each round has seniority over all previous rounds. Series B and Series C shareholders have the right to convert their shares to common shares at any point. Round Number Price Liquidation of Per Pref. Shares Share Series 250,000 4.25 1.4x B Series 200,000 3.00 1.6x | The company is sold for X. Calculate the smallest value of X for which Series B and Series C would both convert their shares to common stock. 8,627,500 0 10,180,500