Your investment firm makes a $10m investment in a new venture giving you 20% ownership. If your deal includes a 1X liquidation preference with a participating preferred 3X cap and the company is acquired for $100million, what is the maximum payout your firm can receive?
A. | $30million | ||
B. | $20million | ||
C. | $28million | ||
D. | $18million | ||
E. | none of the above |
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