Question: Acme Technologies was founded 2 years ago to develop software for business applications. Initially, the founder invested $800,000 and received $ 10.602,49 million shares of

Acme Technologies was founded 2 years ago to develop software for business applications. Initially, the founder invested $800,000 and received $ 10.602,49 million shares of stock. Acme now needs to raise a second round of capital, and it has identified an interested venture capitalist. This venture capitalist will invest $ 1.110,88 million and wants to own 40% of the company after the investment is completed. What is the implied price per share of this funding round (the venture capitalist end up with 40% of the company)

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