The venture capital has 1 million sharesowned by the entrepreneur. The venture capital needs two rounds of financing of $3 millionand $2 million today (t=0) and after two years (t=2). Annual discount rate is 40% for each ofthe four years. The terminal value in year 4 is $50 million. Solve the following parameters:Post1, Pre1, I1, F1, Y1, X1, P1 and Post2, Pre2, I2, F2, Y2, X2, P2. Also illustrate the dilution ofownership just as in my class lecture ntoes.

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