You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your...

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You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your company's assets are $190,000 plus the idea for your new product. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $0.85 each. a. How many shares will you need to sell to raise the additional $1,139,000? Note: Enter your answer in whole numbers, not in millions. b. What fraction of the firm will you own after the VC investment? Note: Enter your answer as a percent rounded to 1 decimal place. a. Shares b. Percentage of shares owned % You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your company's assets are $190,000 plus the idea for your new product. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $0.85 each. a. How many shares will you need to sell to raise the additional $1,139,000? Note: Enter your answer in whole numbers, not in millions. b. What fraction of the firm will you own after the VC investment? Note: Enter your answer as a percent rounded to 1 decimal place. a. Shares b. Percentage of shares owned %