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e. Both A and D are true. 12. Jane received $3.2M in financing from a VC who now owns 40% of the company. Shortly thereafter,
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Answer #1

Without liquidation preference:
Value received x shareholding percentage
= 6×40%
= $2.8 M

Liquidity Preference: It guarantees the return of invested capital.

So the V.C get back invested capital of $3.2M first out of $6M

Answer: b.2.4,3.2

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