Please answer the questions stating first the needed formula to answer the question, and then show your work to get the answer. Please don't use excel for the formula. Write out the formula in a word document or in the reply. Thank you!

29) Apple Inc. [AAPL] closed on 12/5/2014 at $115. They had earnings in the trailing twelve months of $6.43 per share. Microsoft Corporation [MSFT] closed 12/5/2014 at $48.42, and had trailing twelve month earnings of $2.55 per share. Which firm has a higher P/E ratio?

a. AAPL

b. MSFT

c. They are the same

d. Not enough information to answer this question

27) You own 100% of a company. An angel investor invests $100,000 for 20% of your company, leaving you with 80%. Whats the post-money valuation?

a. $425,000 b. $450,000 c. $475,000 d. $500,000 e. $525,000

28) After the angel round from the previous question, your firm raises $450,000 from a venture capital firm for 40% of the company. What is your share of the company worth?

a. $425,000 b. $505,000 c. $540,000 d. $595,000 e. $675,000