Question: please solve this problem without using Excel and show all steps 9. For a new company, the founder has 1,000,000 shares of Series A stock.

please solve this problem without using Excel and show all steps

9. For a new company, the founder has 1,000,000 shares of Series A stock. Additional funding occurs as follows: Series B I Series Number of Shares Price per Share 3,000,000 6,000,000 0.80 1.00 Series C shareholders have a 1.5x liquidation preference, whereas Series B shareholders have a 2x liquidation preference and seniority over both Series A and Series C. Series A and Series C are pari passu. The company is sold for 15,000,000. Determine the amount received by each series

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