Jimprivateco intends to raise capital by selling 85 million shares of common stock in an ipo. the investment bank rep advising jimprivateco on the transaction estimates that comparable companies in its sector tend to trade at a multiple of 14.2 - 16.3 times 2010 expected earnings. the equity capital markets rep advising jimprivateco advises the company to price the shares at a 15% discount to satisfy demand for the securities. assuming jimprivateco intends to float 20% of its total equity in the ipo, and assuming it expects its current trend in earnings growth to continue, what is the mean offering price for the transaction?