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

Z Space, Incorporated, is a new company and currently has negative earnings. The companys sales are $2.3 million and there are 136,000 shares outstanding. a. If the benchmark price-sales 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.) b. What if the price-sales ratio were 5.3? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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