7. 13. Share valuation and PS [LO 8.2] Naracoopa Limited is a new company and currently has...

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7. 13.

Share valuation and PS [LO 8.2] Naracoopa Limited is a new company and currently has negative earnings. The company’s sales are $2.1 million and there are 130 000 shares outstanding. If the benchmark price-sales ratio is 4.3, what is your estimate of an appropriate share price? What if the price-sales ratio were 3.6?

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