[Solved] The founders and owners of a private company have funded it through the following rounds of investment: The owners decide to take the company public through an IPO,issuing 1 million new shares.Assuming that they successfully complete the IPO,the net income for the next year is estimated to be $5 million.The price of shares is set using average price-earnings ratios for similar businesses of 17.0.What will be the IPO price per share? A)$12 B)$22 C)$36 D)$45 Upside Down: Oriented in the opposite direction to the usual, with the top or upper part turned toward the bottom. Naked Eye: Refers to the observation of objects without the use of magnification instruments. Lens Paper: A soft, lint-free paper used for cleaning the lenses of optical instruments without scratching them. Lens Cleaner: A solution or substance specifically designed for cleaning the optical surfaces of lenses to remove dirt, dust, and fingerprints.