Starware Software was founded last year to develop software for gaming applications. The founder initially invested $700

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Starware Software was founded last year to develop software forgaming applications. The founder initially invested
$700,000
and received
8
million shares of stock. Starware now needs to raise a secondround of​ capital, and it has identified a venture capitalistwho is interested in investing. This venture capitalist willinvest
$1.00
million and wants to own
16%
of the company after the investment is completed.
a. How many shares must the venture capitalist receive to end upwith
16% (Round to 3 decimal places)
of the​ company? What is the implied price per share ofthis funding​ round?
b. What will the value of the whole firm be after thisinvestment​ (the post-money​ valuation)? (Round to 3decimal places)