Our Space is a social media site that is growing in popularity. The firm has been around for a few years and has created a nice market niche for itself. In fact, it actually turned a profit last year, albeit a fairly small one. After doing some basic research on the company, you've decided to take a closer look. You plan to use the price$-$to$-$sales ratio to value the stock, and you have collected P$/$S multiples on the following social media companies: $.$ Find the average P$/$S ratio for these three firms. Given that Our Space is expected to generate $$45$ million in sales next year and will have $7$ million shares of stock outstanding, use the average P$/$S ratio you computed above to put a value on Our Space's stock.

The average P$/$S ratio for the $3$ firms is $($Round to two decimal places.$)$

Data table

$($Click on the icon here into a spreadsheet.$)$

$\backslash$table$[[$Company$,$P$/$S Multiples$],[$Facebook$,13\mathrm{.}32],[$Snap$,18\mathrm{.}22],[$Twitter$,13\mathrm{.}15]]$M