Company Detox, is a private company that designs, manufactures and distributes certain consumer products, in this fiscal year, Detox had revenues of $364M and earnings of $29M. Detox company has filed a registration statement with the SEC for its IPO. If the industry average MV/Earnings ratio and MV/Revenues ratio for the recent fiscal year were 20.19 and 0.59 respectively. Estimate the IPO price for Detox Company using the MV/Earnings ratio and assuming that they will issue 20M shares. Company Detox, is a private company that designs, manufactures and distributes certain consumer products, in this fiscal year, Detox had revenues of $364M and earnings of $29M. Detox company has filed a registration statement with the SEC for its IPO. If the industry average MV/Earnings ratio and MV/Revenues ratio for the recent fiscal year were 20.19 and 0.59 respectively. Estimate the IPO price for Detox Company using the MV/Earnings ratio and assuming that they will issue 20M shares