Question: Affonso Funds invests $ 1 , 2 0 0 , 0 0 0 in Pierre Aeronautics. In return, they receive a 3 0 % stake

Affonso Funds invests $1,200,000 in Pierre Aeronautics. In return, they receive a 30% stake ownership in Pierre Aeronautics. What does this imply about Pierre Aeronautics' pre-money valuation?

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