TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $1.35 million and there are 130,000 shares…

TwitterMe, Inc., is a new company and

currently has negative earnings. The company’s sales are $1.35 million and

there are 130,000 shares outstanding. If the benchmark price-sales ratio is

4.8, what is your estimate of an appropriate stock price? What if the

price-sales ratio were 3.7?