Wesen Corp. plan to launch NASDAQ through initial public offerings (IPO). After IPO, there will be 5 million shares of common stock outstanding. In this year, the company has net income of $15 million and sales of $60 million. If the average PE ratio for the companies in the same industry is 20 and the average price-sales ratio is 6. What is the reasonable offering price? (25 points) Show your calculation to get full points