Thee years aga, you founsed Ouldeor Recrestion, he, a retaler specialiting in the sale of equipment and dothing for recreational activites such as camping: sking, and hiking. So far, your compery has pone troogh thee funding rounds b. What persen of the fim will yoe can aher the 1po? at a proe toat imples s vimiar mukple. ahat will your ifo proe per thare bet Three years ago, you founded Outdoor Recreation, Inc, a retaller specializing in the sale of equipment and dothing for recreational activities such as camping. sking, and haing. So far, your conpany has gone through three funding rounds: It is currently 2012 and you need to raise additional capital to expand your business. You have decided to take your frm putlic through an IPO. You would ikn to Wsun an additional 6.5 milion new shares through this IPO. Assuming that your firm successfully completes its PO, you forecast that 2012 net income will be \$s.0 milion a. Your livestment banker advises you that the prices of other recent IPOs have been sot such that the PiE ratios based on 2007 forncasted eamings average 22.0. Aspuming that your IPO is set ot a price that inples a similar multiple, what will your IPO price per share be? b. What percent of the firm will you own after the IPO? 2. Your investnent banker advises you that the prices d other recent POSs have been set such that the PJE ratios based on 2012 forecasted eartings avernge 22.0x. Assuming that your IPO is set at a price that imples a similat mutiple, what will your IPO price per share be? The 1otal value of the firm at the IPO is : milion. (Round to the nearest integer)