Z Space, Incorporated, is a new company and currently has negative earnings. The companys sales are $2.1 million and there are 132,000 shares outstanding.

a.	If the benchmark price-sales ratio is 5.2, 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.)
b.	What if the price-sales ratio were 4.6? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)