What is the price per share for the Fitbit IPO?

9. Answer the below questions based upon the following information on Fitbit Fitbit RRF RM Investment Banking Fee or Floating Rate Existing Fitbit Shares Year Yearo -$5,000,000 2% 9% Initial Investment Units of Sales Price per Unit 150,000 $400 7% 2,000,000 36,500,000 $250 $1,000,000 $1,500,000 Variable Cost per Unit Fixed Cost New IPO Shares Pre-IPO Value $91,100,000 Depreciation Tax Rate 35%