Suppose Elizabeth Entrepreneur (EE) raises her first round of venture capital investment from Very Good Venture Capitalists (VC) in order to grow her company, University Food, Inc. (UFI) VC invests $4 million for 40% of the company in common stock and receives 4 million shares in UTI. What would be the payout to VC if the company is sold 5 years after the investment for $ 8 million?