Question: Please need help with question B Suppose that First Meriam decides that Marvin's shares are worth only $0.80 each. The common stock and the number

Please need help with question B Suppose that First Meriam decides

Please need help with question B

Suppose that First Meriam decides that Marvin's shares are worth only $0.80 each. The common stock and the number of shareholders are as follows: a. How many shares will Marvin need to sell to raise the additional $1 million? Note: Enter your answer in whole number not in millions. b. What fraction of the firm will Marvin's managers own after the venture capital investment? Note: Enter your answer as a percent rounded to 2 decimal places. Suppose that First Meriam decides that Marvin's shares are worth only $0.80 each. The common stock and the number of shareholders are as follows: a. How many shares will Marvin need to sell to raise the additional $1 million? Note: Enter your answer in whole number not in millions. b. What fraction of the firm will Marvin's managers own after the venture capital investment? Note: Enter your answer as a percent rounded to 2 decimal places

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