An analyst is trying to value the equity shares of Iron Mike Corporation. She has gathered financial data on Balboa Corporation and will use it to construct a multiple estimate of Iron Mike equity. Iron Mike is a privately held firm. Use the P$/$E ratio for Balboa for your estimate. What is an estimate for the price per share for Iron Mike?

$\backslash$table$[[$Financial Data:,Balboa,Iron Mike$],[$Net income,$$7,299,659\mathrm{.}00,$$$5,893,275\mathrm{.}00$