How much capital does DermaCare need to raise in order to become a self-sustaining business? Explain the rationale by which you arrived at this number. Please provide a rough estimate of the companys needs based on the tables provided in the case study.

Exhibit 1 DermaCare Initial Capitalization Date Milestones November 2004 Company founded and incorporated with $20,000 April 2005 Company raised $275,000 from founders and new CEO Exhibit 7a Band of Angels Term Sheet June 2005 Demonstration trial begins September 2005 TUV (electronic safety) review September 2005 Requests for quotes from device manufacturers in Asia FDA filing expected FDA approval of company's 510(k) expected Expected date for commencement of marketing Expected breakeven month \begin{tabular}{lrrr} \hline & No. of Shares & \% Outstanding \\ \hline Common Stock & 4,000,000 & 60.6% \\ Options & 400,000 & 6.1% \\ Series A & 2,205,883 & 33.3% \\ \hline \multicolumn{1}{l|}{ Total } & 6,605,883 & 100.0% \\ \hline \end{tabular}