1. Answer the below question based upon the following information on Fitbit What is the price per share for the Fitbit IPO? Fitbit Year0 Year, RRF 2% Initial Investment $5,000,000 Units of Sales Price per Unit RM 9% 150,000 $400 Investment Banking Fee or Floating Rate 7% $250 Existing Fitbit Shares Variable Cost per 2,000,000 Unit New IPO Shares Fixed Cost S1,000 36,500,000 $91,100,0 Depreciation S1,500,000 Pre-IPO Value Tax Rate 35%