Urgent please!

An entrepreneur has owned and managed a business for over ten years. It is now necessary to make a replacement investment in the business firm for $5m. Providing that the entrepreneur makes the investment, an independent valuer estimates the firms market value under the entrepreneurs ownership and management at $30m (ceteris paribus).

a) Suppose that the entrepreneur is unable to finance the replacement investment with retained earnings, own savings or by a (bank) loan. The entrepreneur is therefore prepared to sell 1/3 of the shares in the firm to an external investor for $5m. Assume full transparency and that the entrepreneur will still manage the firm. Explain why both the entrepreneur and the external investor consider this deal to be a fair deal where neither party is being exploited by the other party (hence, there is no hold-up problem).

b) What is the effect (if any) on the expected market value of the firm if the deal is carried through, that is the entrepreneur sells a third of the firm to the external investor for $5m? Explain!

c) Suggest measures that the entrepreneur could take to make the external investor willing to accept a lower ownership in the business firm.

d) Assume that the external investor later on acquires an additional 20% ownership in the firm and explain whether or not the external investor can take any measures to increase the expected market value of the firm if the contract stipulates that the business should still be managed by the entrepreneur.

Thank you!