Please answer all questions correctly

Three years ago, you founded Outdoor Recreation, Inc., a retailer specializing in the sale of equipment and clothing for recreational activities such as camping, skiing, and hiking. So far, your company has gone through three funding rounds: Round Series A Series B Series C Share Price (S) 0.50 1.00 2.75 Date Investor Shares Feb. 2002 Aug. 2003 Sept. 2004 You Angels Venture Capital 700,000 1,100,000 2,100,000 It is curently 2012 and you need to raise additional capital to expand your business. You have decided to take your firm public through an IPO. You would like to issue an additional 5.0 million new shares through this IPO. Assuming that your firm successfully completes its IPO, you forecast that 2012 net income will be $8.0 million. a. Your investment banker advises you that the prices of other recent IPOs have been set such that the P/E ratios based on 2007 forecasted eamings a IPO is set at a price that implies a similar multiple, what will your IPO price per share be? b. What percent of the firm will you own after the IPO? verage 24.0x . Assuming that your a. Your investment banker advises you that the prices of other recent IPOs have been set such that the P/E ratios based on 2012 forecasted eamings average 24.0). Assuming that your IPO is set at a price that implies a similar multiple, what will your IPO price per share be? The total value of the firm at the IPO is $million. (Round to the nearest integer.) The IPO price will be Sper share. (Round to the nearest cent.) b. What percent of the firm will you own after the IPO? You will own % of the firm. (Round to one decimal place.)