Question 8 salet is a start-up specializing in mobile applications. The company's founders believe they can sell the company for $50 million in four years. They need $7 million in capital noiv and the founders wish to hold 1 million shares. The venture capital investor firm decides that, given the high risk of this company, a discount rate of 45% is appropriate. Use the NPV venture capital method, assuming a single financing round. Calculate the ownership fraction of the venture capital company. 14.00% 38.11% 61.89% 63.57%