Question: Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to You have purchased 1 million shares in a restaurant chain venture At this zero-stage investment, your company's assets are $100.000 plus the idea for your new product. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $0.40 each a. How many shares will you need to sell to raise the additional $500,000? Answer is complete but not entirely correct. Shares 1250 b. What fraction of the firm will you own after the VC investment? (Enter your percentage answer with 1 decimal place) Answer is complete but not entirely correct. Fraction of own 0.1 shares 715 Monty dear o RI Search op
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