The founders and owners of a private company have funded it through the following rounds of investment: 
The owners decide to take the company public through an IPO,issuing 1 million new shares.Assuming that they successfully complete the IPO,the net income for the next year is estimated to be $5 million.The price of shares is set using average price-earnings ratios for similar businesses of 17.0.What portion of the company will be owned by the angel investor after the IPO?
Definitions:
Aging Process
The natural phenomenon involving physical, psychological, and social changes in humans over time, leading to older age.
Tendonitis
An inflammation or irritation of a tendon, a thick cord that attaches bone to muscle.
Inflammation
A biological response of body tissues to harmful stimuli, such as pathogens, damaged cells, or irritants, characterized by redness, warmth, swelling, and pain.
Tendon
A tough, flexible band of fibrous tissue that connects muscles to bones, enabling movement of the body.
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