David founds a company and goes through the investment rounds shown below: round source price number of shares class a self $0.50 400,000 class b angel $1.00 500,000 class c venture capital $1.50 300,000 class d venture capital $2.25 400,000 he decides to take the company public through an ipo, issuing 2 million new shares. assuming that he successfully completes the ipo, the net income for the next year is estimated to be $8 million. his banker informs him that the price of shares should be set using average price-earnings ratios for similar businesses, which is 15.0. what share of the company will david own after the ipo? select one: a. 22% b. 16% c. 14% d. 11%