TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2,100,000 and there are 150,000 shares outstanding.
1. If the benchmark price-sales ratio for the company is 4.7, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
2. If the benchmark price-sales ratio for the company is 4.1, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)