Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $$1\mathrm{.}2$ million and there are $114,000$ shares outstanding.

a$.$ If the benchmark price$-$sales ratio is $3\mathrm{.}4,$ what is your estimate of an appropriate stock price? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What if the price$-$sales ratio were $2\mathrm{.}9?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$.$ Stock price at a price$-$sales of $3\mathrm{.}4$

b$.$ Stock price at a price$-$sales of $2\mathrm{.}9$