How many additional shares must benjamin sell to the angel

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Benjamin Garcia's start-up business is succeeding, but he needs $209,000 in additional funding to fund continued growth. Benjamin and an angel investor agree the business is worth $836,000 and the angel has agreed to invest the $209,000 that is needed. Benjamin presently owns all 43,000 shares in his business. Because the stock will be sold directly to an investor, there is no spread; the other flotation costs are insignificant.

What is a fair price per share? Round your answer to the nearest cent. $

How many additional shares must Benjamin sell to the angel? Round your answer to the nearest whole. shares.

Reference no: EM131054825

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