Chapter 08 Saved TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $1.5 million and there are 120,000 shares outstanding. If the benchmark price-sales ratio is 4, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $ What if the price-sales ratio were 3.4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price