IPO X has sales of $400 million and earnings equal to 542 million. IPO X will issue 20 million shares. Estimate the price range of IPO X using market value ratios and firm comparables. Stock Stock Price Sales Per Share EPS A $15 $18 |$1.50 B $48 $50 $5.50 IC $108 $100 $11 D $34 $44 $2.50 E $71 $90 $4.50 $91 $103 $8 $17.73 to $24.25 $56.41 to $65.76 $22.92 to $27.72 $11.45 to $14.88