TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $$3\mathrm{.}2$ million and there are $174,000$

shares outstanding.

If the benchmark price$-$sales ratio is $4\mathrm{.}5,$ what is your estimate of an approprlate stock price? $($Do not round Intermedlate calculations

and round your final answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

Stock price

What if the price$-$sales ratio were $3\mathrm{.}8?($Do not round Intermedlate calculations and round your final answer to $2$ decimal places.

$($e$.$g$.,32\mathrm{.}16))$

Stock price