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

100 %100%

of the firm with

9.99.9

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

$ 3.02$3.02

million for

1.171.17

million new shares. The second offers

$ 2.03$2.03

million for

461 comma 000461,000

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?