Problem 8-13 Stock Valuation and PS [LO2] Z Space, Incorporated, is a new company and currently has negatlve earnings. The company's sales are $1.3 million and there are 116,000 shares outstanding. a. If the benchmark price-sales ratio is 3.6 , what is your estimate of an appropriate stock price? (Do not round intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What If the price-sales ratio were 3.0 ? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)