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through three funding rounds: It is now 2023 and you need to raise additional capital to expand your business. You have decided to take your

image text in transcribedimage text in transcribed through three funding rounds: It is now 2023 and you need to raise additional capital to expand your business. You have decided to take your firm public through an IPO. You would like to issue an additional 6.5 million new shares through this IPO. Assuming that your firm successfully completes its IPO, you forecast that 2023 net income will be $7.0 million. implies a similar multiple, what will be your IPO price per share? b. What percent of the firm will you own after the IPO? implies a similar multiple, what will be your IPO price per share? The IPO price will be $ per share. (Round to the nearest cent.) b. What percent of the firm will you own after the IPO? After the IPO, you will own % of the firm. (Round to one decimal place.) \begin{tabular}{lllrc} \hline Round & Date & Investor & Shares & Share Price (\$) \\ \hline Series A & Feb. 2020 & You & 500,000 & 1.50 \\ Series B & Aug. 2021 & Angels & 1,000,000 & 2.50 \\ Series C & Sept. 2022 & Venture Capital & 2,200,000 & 2.50 \\ \hline \end{tabular}

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