Answer:
C) $2,400,000
Step-by-step explanation:
Here is the complete question
Simone founded her company using $200,000 of her own money, issuing herself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000. She now sells another 500,000 shares of stock to a venture capitalist for $1.5 million. What is the post-money valuation of the company?
A) $1,200,000
B) $1,320,000
C) $2,400,000
D) $3,600,000
company's value = value per share x total shares
Value per share = total purchasing price / total shares sold
$1.5 million / 500,0000 = $3
Total shares = 500,000 + 200,000 + 100,000 = 800,000
company's value = 800,000 x $3 = $2,400,000