TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $1.45 million and there are 130,000 shares outstanding.

a. If the benchmark price-sales ratio is 3.9, 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. If the benchmark price-sales ratio is 3.2, 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.)