You want to value the stock of the non-listed firm Zeepa. You have identified 3 comparable firms to Zeepa that are all listed on the stock exchange. You have the following information about the comparables:

	Stock price	Earnings per share	Book value per share
Mintro	75	5	30
Carusi	240	24	120
InfoLine	24	2	20

Zeepas earnings per share are 12 and its book value per share is 100. Estimate the share value.

The new firm Hey Tech is expected to have an IPO (initial public offering) in 4 years. Net income 4 years ahead is expected to be 8 million and these firms generally trade at high price-to-earnings ratios; typically, the level is around 22. Venture capitalists normally require 25% target returns for investments like this. What may be a fair value of Hey Tech's equity today?