16) Equinox Bioengineering began operations in January of 2015. In its first year of operation, Sales were $85 million and the net loss was $(5.1 million). Free cash flow was Equinox has 10 million shares outstanding. If you think the price to sales ratio for this company should be 1 or A) $85.00 B) $8.50 C) $51.00 D) Such a stock would have no value at all. Answer: B $(300,000). less, what is the most you should pay per share. F 09 Discuss the fundamentals of stocks and how to value them