Your start-up company needs capital. Right now, you own 100% of the firm with 10.3 million shares. You have received two offers from venture capitalists. The first offers to invest $3.02 million for 1.13 million new shares. The second offers $2.03 million for 456,000 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?