a. Part B: Comparing Security Types Jones proposes taking participating preferred stock' with 1x liquidation preference in return for her $5 million investment. Draw the payoff diagram for this security from Jones' perspective, assuming she invests $5 million at a pre-money valuation of $14.75 million with no option pool. b. What is her cash-on-cash return (money received divided by investment) if New Venture exits in December 2020 at a $150 million valuation? c. Thompson provides a counter-proposal in which the security will be a standard convertible preferred stock with a liquidation of 2X. Draw the payoff diagram for this security from Jones' perspective. d. If New Venture exits in December 2020 at a $150 million valuation what would be Jones payoff? which type of a security would Jones prefer? Why? e. At what company valuation would the two securities have an equal payout? a. Part B: Comparing Security Types Jones proposes taking participating preferred stock' with 1x liquidation preference in return for her $5 million investment. Draw the payoff diagram for this security from Jones' perspective, assuming she invests $5 million at a pre-money valuation of $14.75 million with no option pool. b. What is her cash-on-cash return (money received divided by investment) if New Venture exits in December 2020 at a $150 million valuation? c. Thompson provides a counter-proposal in which the security will be a standard convertible preferred stock with a liquidation of 2X. Draw the payoff diagram for this security from Jones' perspective. d. If New Venture exits in December 2020 at a $150 million valuation what would be Jones payoff? which type of a security would Jones prefer? Why? e. At what company valuation would the two securities have an equal payout