Question 23 (1 point) The Lead By Example Corporation (LBC) is a self help book publisher, contemplating an IPO with 20 million shares. It had revenues of $350 million and earnings of $14 million in the most recent year of operations. Their investment bankers have calculated the industry average Price/Earnings ratio is 21X and the Price/Revenue ratio is 0.8x in the self help publishing industry. If the firm decides to use the average of the two estimates as the IPO price, what will shares be priced at? 36.75 14.70 14.35 184.03 None of the above