You and your friend have started an Artificial Intelligence company.The technology you have developed can ascertain a person's intelligence by scanning an image of their eyes.The technology is working and you have gained revenues of 600,000RMB and sustained a net loss of 500,000RMB in your first year of operations.Your projected revenues and profit over the next three years, assuming you can gain 6 million RMB of funding, are as follows:

Year/Measure

Year 1 Actual

Year 2 Projected

Year 3 Projected

Year 4 Projected

Revenues (RMB)

600,000

3,900,000

12,500,000

25,000,000

Net Income (RMB)

-500,000

-100,000

1,050,000

8,900,000

a.Describe in detail how you would go about raising money and who you would try to get the 6 million RMB from?

b.What valuation do you put on your company now?Explain how you determined this figure.

c.What percent of equity are you willing to give the investor who gives you 6 million RMB of funding?