Question: Look back at your restaurant chain venture. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $.40

Look back at your restaurant chain venture. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $.40 each.
a. How many shares will you need to sell to raise the additional $500,000?
b. What fraction of the firm will you own after the VC investment?

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