Miller Venture Capital Miller Venture Capital Made a $5 Million Investment in Bavarian

Miller Venture Capital
Miller Venture Capital made a $5 million investment in Bavarian Sausage Technology (BST) 8 years ago and in return received 1 million shares of convertible preferred stock that can be converted into 2 shares of common stock.After all stock has been converted BST will have 15 million shares outstanding.In addition,the company is planning on issuing an additional 3 million shares in an IPO.
-Miller Venture Capital Fund wants to average a 34.375% return on its investments.Of the 15 total investments 5 have failed (i.e a return of -100%) ,and 7 generated a zero return.Two other projects yielded a return of 80% and 85%,respectively.What has to be the return on the last outstanding investment in order for Miller to reach its investment goal?

A) 425%
B) 1,250%
C) 885%
D) 680%