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ago, you founded Outdoor Recreation, Inc., a retailer spectar company has gone through three al a 2023 and you need to raise additional capital to

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ago, you founded Outdoor Recreation, Inc., a retailer spectar company has gone through three al a 2023 and you need to raise additional capital to expand your business. You have decided to take your Jugh an IPO. You would like to issue an additional 5.5 million new shares through this IPO. You $5.0 million in cash (net of debt), and forecast earnings before interest and taxes of $6.5 million this nent banker advises you that the prices of other recent IPOs have been set such that the e/EBIT ratios based on 2023 forecasted earnings average 22.0. Assuming that your IPO is set at a es a similar multiple, what will your IPO price per share be? value of the firm at the IPO is $ million. (Round to the nearest integer.) per share. (Round to the nearest cent.) tage of the firm will you own after the IPO? % of the firm. (Round to one decimal place.)

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