Question: Answer the below question based upon the following information on Fitbit: Fitbit RRF RM Investment Banking Fee or Floating Rate Existing Fitbit Shares New IPO

Answer the below question based upon the following information on Fitbit:

Answer the below question based upon the following information on Fitbit: Fitbit RRF RM Investment Banking Fee or Floating Rate Existing Fitbit Shares New IPO Shares Yearo Yeari $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 35% Variable Cost per Unit Fixed Cost $91,100,000 Depreciation Pre-IPO Value Tax Rate What is the price per share for the Fitbit IPO

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