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You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 4.96 million shares.

You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 4.96 million shares. The VC offers $1.08 million for 770,000 new shares.

a. What is the implied price pershare?

b. What is thepost-money valuation?

c. What fraction of the firm will you own after theinvestment?

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