$3)$ Z Space, Incorporated, is a new company and currently has negative earnings. The companys sales are $$1\mathrm{.}1$ million and there are $112,000$ shares outstanding. a$.$If the benchmark price$-$sales ratio is $3\mathrm{.}2,$ what is your estimate of an appropriate stock price? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$b$.$What if the price$-$sales ratio were $2\mathrm{.}7?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$