Simone Founded Her Company Using $200,000 of Her Own Money

Simone founded her company using $200,000 of her own money, issuing herself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000. She now sells another 500,000 shares of stock to a venture capitalist for $1.5 million. What is the post-money valuation of the company?

A) $1,200,000
B) $1,320,000
C) $2,400,000
D) $3,600,000