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:

Company P$/$S Multiples

Facebook $13\mathrm{.}28$

Snap $18\mathrm{.}44$

Twitter $12\mathrm{.}78$

Find the average$$ P$/$S ratio for these three firms. Given that Our Space is expected to generate $$$$48$ million in sales next year and will have $8$ million shares of stock$$ 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.$)$