TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $1,200,000 and there are 130,000 shares outstanding.

Requirement 1:

If the benchmark price-sales ratio for the company is 5.2, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Current stock price

$

Requirement 2:

If the benchmark price-sales ratio for the company is 4.6, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Current stock price

$