$\backslash$table$[[$Round$,$Date,,Investor,Shares$]]$ Share Price $($$$)$

It is now $2019$ and you need to raise additional capital to expand; $f$ business. You have decic o take your firm public through an IPO. You would like to issue an addifional $6\mathrm{.}5$ milion new shares through this IPO. Assurning that your firm successtully completes iss $PO,$ you forecast that $2019$ net income witt be $$7\mathrm{.}5$ million.

a$.$ Your investment banker advises you that the prices of other recent IPOs have been set such that the PIE ratios based on $2019$ forecasted earrings average $20\mathrm{.}0.$ Assuming that your IPO is set at a price that impties a similar multiple, what will be your IPO price per share?

b$.$ What percent of the firm will you own after the IPO?

a$.$ Your investment banker advises you that the prices of other recent IPOs have been set such that the PIE ratios based on $2019$ lorecasted earnings average $200.$ Assuming that your IPO is set at a price that imples a simitar muttipte, what witt be your THO price per share?

The IPO price will be $?$ per share. $($Round to the nearest cent.$)$