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Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $ 1 . 4 million and there are 1

Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $1.4 million and there are 118,000 shares outstanding.
a. If the benchmark price-sales ratio is 3.8, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What if the price-sales ratio were 3.2?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
a. Stock price at a price-sales of 3.8
b. Stock price at a price-sales of 3.2
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