Question Help 0 Three years ago, you founded Outdoor Recreation, Inc., a neale specializing in the sale of equipment and clothing for recreational activities such as camping sking, and hiking Set your company has gone through the funding rounds Round Date Investor Shares Share Price (5) Serie A Feb 2016 You 500.000 1.50 Series Aug 2017 Angels 1.200.000 100 Series Sept. 2018 Venture Capital 2.100.000 3.00 It is now 2019 and you need to raise additional capital to expand your business. You have decided to take your firm puble through an IPO. You would like to issue an addition 6.5 milion new shoes tough this IPO Assursing that your om successfully completes its IPO, you forecast that 2019 net income will be $75 milion a Your investment banker advise you that the prices of other recent IPOs have been set such the Peatos based on 2010 forecasted camings verage 182. Assuming that your IP is set at a price the imples as multiple, what will be your IPO price per share? b. What percent of the firm will you own after the IPO? 2. Your investment banker advises you that the prices of other recert IPOs have been set such that the PVE ratios based on 2010 forecasted earnings average 182 Assuming that your IPO is set at a price that imples a similar multiple, what will be your IPO price per share? The IPO price will be sper share found to the nearest cent) b. What percent of the firm wil you own after the IPO? Alter the IPO, you will own of the firm (Round to one decimal place)