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Your start - up company needs capital. Right now, you own 1 0 0 % of the firm with 9 . 9 7 million shares.

Your start-up company needs capital. Right now, you own 100% of the firm with 9.97 million shares. You have received two offers from venture capitalists. The first offers to invest $3.03 million for 1.09 million new shares. The second offers $ 1.96 million for 478,000 new shares
a. What is the first offer's post-money valuation of the firm?
b. What is the second offer's post-money valuation of the firm?
c. What is the difference in the percentage dilution caused by each offer?
d. What is the dilution per dollar invested for each offer?

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