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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

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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 EPS Share A $15 $18 $1.50 IB $48 $50 $5.50 c $108 $100 $11 D $34 $44 $2.50 E $71 $90 $4.50 F $91 $103 $8 556,41 to $65.76 O $17.73 to $24.25 O $22.92 to $27.72 $11.45 to $14.88

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