Three years ago, you founded Outdoor Recreation, Inc

Three years ago, you founded Outdoor Recreation, Inc., a rotalar specializing in the sale of equipment and clothing for recreational activities such as camping saling and hiking Sow, your company has gone through three funding rounds Round Date Investor Shares Share Price (5) Serie A Feb. 2002 You 500,000 1.00 Serie B Aug 2000 Angel 1,100,000 1.00 Series C Sept 2004 Venture Capital 2.300,000 3.50 it is currently 2012 and you need to raise additional capital to expand your business. You have decided to take you from public through an IPO You would like to me an actionation new shares IPO. Assuming that your fimm successfully completos its IPO. you forecast that 2012 ne income will be 57. milion Your investment banker advises you that the prices of other recent IPOs have been set such that the Premis based on 2007 forecasted earnings verage 200% Assuming that your IPO is set at a price implies a similar tiple, what will your IPO price per share be? b. What percent of the firm will you own after the IPO?