Tiger Golf Supplies has $$15$ million in earnings with $4$ million shares outstanding. Its

investment banker thinks the stock should trade at a P$/$E ratio of $22.$ If there is an

underwriting spread of $2\mathrm{.}8\%,$ what should the price to the public be$?$ What would

the firm net?

P$/$E Ratio $=$ Market Price $/$ EPS