5. Company Detox, is a private company that designs, manufactures and distributes certain consumer products. In this fiscal year, Detox had revenues of $45 Millions of USDs and earnings of $10 of Millions of USDs. Detox company has filed a registration statement with the SEC for its IPO. If the industry average Price/Earnings ratio and Price/Revenues ratio for the recent fiscal year were 15 and 0.85 respectively. Estimate the IPO price for Detox Company using the Price/Earnings ratio and assuming that they will issue 22 Million shares."

"6) Company Detox, is a private company that designs, manufactures and distributes certain consumer products. In this fiscal year, Detox had revenues of $45 Millions of USDs and earnings of $10 of Millions of USDs. Detox company has filed a registration statement with the SEC for its IPO. If the industry average Price/Earnings ratio and Price/Revenues ratio for the recent fiscal year were 15 and 0.85 respectively. Estimate the IPO price for Detox Company using the Price/Revenues ratio and assuming that they will issue 22 Million shares."