2 Ethelbert.com is a young software company owned by two entrepreneurs. It currently needs to raise $1,641,600 to support its expansion plans. A venture capitalist is prepared to provide the cash in return for a 40% holding in the company. Under the plans for the investment, the VC will hold 22,800 shares in the company and the two entrepreneurs will have combined holdings of 34,200 shares. 10 points a. What is the total after-the-money valuation of the firm? (Enter your answer in dollars not millions.) Valuation of the firm eBook Ask b. What value is the venture capitalist placing on each share? Print Value of each share References