Can you please explain the steps you take to solve the problem without using excel? I need to learn how to answer it using either formula and/or financial calculator. Thanks!

If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and a low stock price for the next year. Suppose we have the following information on a particular company over the past four years. High price Low price EPS Year 1 $ 27.73 20.16 1.58 Year 2 $ 26.62 20.48 1.71 Year 3 $ 30.72 25.95 1.84 Year 4 $ 37.31 26.71 2.18 Earnings are projected to grow at 9% over the next year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. What is your high target stock price over the next year? b. What is your low target stock price over the next year? a. High target stock price b. Low target stock price