Your start-up company needs capital. Right now, you own

100 %

of the firm with

9.6

million shares. You have received two offers from venture capitalists. The first offers to invest

$ 2.93

million for

1.11

million new shares. The second offers

$ 2.07

million for

473,000

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?