TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2.3 million and there are 136,000 shares outstanding.

If the benchmark pricesales ratio is 5.6, 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.)

Stock price

$

What if the pricesales ratio were 5.3? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Stock price

$