18-8 a. What is the intrinsic stock price per share before the IPO?b. Given the target net proceeds, what amount of gross proceeds are required?c. What is projected total value of LC immediately after the IPO? Based on the total amount paid by the shareholders purchasing new shares in the IPO, what percentage of the total post-IPO value do you think the new shareholders require to justify their stock purchases?d. How many new shares must be sold in the IPO to provide the percentage of ownership required by the new shareholders? How many total shares will be outstanding after the IPO?