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:

LOADING...

. Find the average P/S ratio for these three firms. Given that Our Space is expected to generate

$34

million in sales next year and will have

13

million shares of stock outstanding, use the average P/S ratio you computed above to put a value on Our Space's stock.

Company

P/S Multiples

Facebook

13.66

Snap

18.49

Twitter

13.36

The average P/S ratio for the 3 firms is

enter your response here.

(Round to two decimal places.)The value of Our Space's stock is

$enter your response here.

(Round to the nearest cent.)