4. What is the fair value of hnmunologic? Give a fair price per share in the IPO, based on your calculations. In arriving at this fair price, should undertake: (i) A discounted cash ow analysis. Make suitable assumptions (when necessary data is not available in the case), stating these assumptions carefully. (ii) Valuation using comparables. In addition to a valuation based on (Market Valuey'Earnings, you should attempt valuation based on other ratios {keeping in mind the discussion in the article by Ritter on "Valuing lPDs"), which may prove to be quite useful