TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2.7 million and there are 144,000 shares outstanding.

a. If the benchmark price-sales ratio is 6.4, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. What if the price-sales ratio were 5.7? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)