Yourstart-up company needs capital. Rightnow, you own 100% of the firm with 9.7 million shares. You have received two offers from venture capitalists. The first offers to invest $3.07 million for 1.07 million new shares. The second offers $1.96 million for 457,000 new shares.

a. What is the firstoffer's post-money valuation of thefirm?

b. What is the secondoffer's post-money valuation of thefirm?

c. What is the difference in the percentage dilution caused by eachoffer?