TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2,550,000 and there are 220,000 shares outstanding.

Requirement 1:

If the benchmark price-sales ratio for the company is 5.1, 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 4.5, 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

$ _____________