Your sister started her own company a number of years ago. Your sister owns 100%...
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Finance
Your sister started her own company a number of years ago. Your sister owns 100% of the common shares of the company. Currently, there are 5,200,000 shares outstanding. Your sister wishes to raise $2,400,000 from investors. A venture capitalist has agreed to invest the $2,400,000 in exchange the venture capitalist will receive 1,000,000 new shares. What is the post-money valuation of the company?
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