Z Space, Incorporated, is a new company and currently has negative earnings. The company$$s sales are $$1\mathrm{.}4$ million and there are $118,000$ shares outstanding.

a$.$

If the benchmark price$-$sales ratio is $3\mathrm{.}8,$ what is your estimate of an appropriate stock price? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What if the price$-$sales ratio were $3\mathrm{.}2?$