Please complete all parts of problem #9 (Week 13/14)

You founded a social media company, called AllTogether, that was a startling success and is now ready for an IPO. The company had sales of $59 million and net income of $8.26 million in its most recent financial year. Your investment bankers collected the following information from your competitors at the time of their IPO:

Company	P/E ratio	Price/Sales ratio
Facebook	74.4	18.2
Google	26.6	5.8
LinkedIn	n/a	14.7
Twitter	n/a	21.4

Your company will have 6 million shares outstanding after the IPO.

9A) What should be the offer price based on P/E ratios?

9B) What should be the offer price based on Price/Sales ratios?