Answer the next 4 questions using the following Capitalization Table where investors invest $5M for 5M shares

Amount Invested by Series A VC	$5,000,000
PPS (price per share)	$1.00
Number Shares	5,000,000
	Pre Series A			Post-Series A
Security	# Shares	%		# Shares	%
Common-Founders	7,750,000	77.5%		7,750,000	51.7%
Common-Employee Stock Pool	2,250,000	22.5%		2,250,000	15.0%
Issued	300,000	3.0%		300,000	2.0%
Unissued	1,950,000	19.5%		1,950,000	13.0%
Series A Preferred	0	0.0%		5,000,000	33.3%
Total	10,000,000	100.0%		15,000,000	100.0%

What is the pre-money and post-money valuation?

A. Pre-money valuation = $10M: Post-money valuation = $15M

B. Pre-money valuation = $ 15M: Post-money valuation = $10M

C. Pre-money valuation = $ 19M: Post-money valuation = $15M

D. Pre-money valuation = $ 21M: Post-money valuation = $19M