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Wesen Corp. plan to launch NASDAQ through initial public offerings (IPO). After IPO, there will be 500,000 shares of common stock outstanding. In the table below you could find the income statement of Wesen in last fiscal year. If the average PE ratio for the companies in the same industry is 20 and the average price-sales ratio is 5, dividend payout ratio is 0. What is the reasonable offering price? (Please explain why you use the method you choose to price the stock) Sales 15,000,000 Cost 10,000,000 Depreciation 4,000,000 EBIT 1,000,000 Interest Exp 1,500,000 EBT -500,000 TAX 0 NI -500,000