A venture with 2 million total common shares – 1.4 million o…

A venture with 2 million total common shares – 1.4 million owned by the entrepreneur and 0.6 million by an angel investor – had a post-money value of $8 million after its last (and only) round of  outside financing. The company has run into some development delays and needs to raise additional  capital. A new investor offers $500,000 in exchange for 200,000 new common shares.   If there is no ratchet agreement,  what will be the post-money value after the $500,000  investment?