Question: Tiger Software was founded last year to develop software for gaming applications. The founder initially invested $ 9 0 0 , 0 0 0 and

Tiger Software was founded last year to develop software for gaming applications. The founder initially invested $900,000 and received 9 million shares. Tiger now needs to raise a second round of capital, and it has identified a venture capitalist who is interested in investing. This venture capitalist will invest $1.2 million and wants to own 24% of the company after the investment is completed.a. How many shares must the venture capitalist receive to end up with 24% of the company? What is the implied price per share of this funding round?b. What will the value of the whole firm be after this investment (the post-money valuation)?Question content area bottomPart 1a. The venture capitalist will receive 2.842 million shares. (Round to three decimal places.)Part 2The implied price per share is $ 0.42 per share.(Round to the nearest cent.)Part 3b. The value of the firm will be $ 5 million. (Round to three decimal places.)

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