ABC is a private company that wants to go public and it currently has earnings of $4 million. ABC wants to determine at what price it should sell the 5 million shares it wants to issue. Two other companies in the same industry have recently gone public. Company A has a pricelearnings ratio of 17 while company B has a pricelearnings ratio of 7. ABC wants to use the method of comparables to derive an estimate for its stock price. At what price should ABC sell its stock for its IPO? A. $12.00 B. $13.60 C. $5.60 D. $9.60