Connect Only Problem $8-12$ P$/$E Ratio Model and Future Price $($LG$8-7)$

New York Times Company $($NYT$)$ recently earned a profit of $$2\mathrm{.}71$ per share and has a P$/$E ratio of $19\mathrm{.}95.$ The dividend has been

growing at a $7\mathrm{.}25$ percent rate over the past six years.

If this growth rate continues, what would be the stock price in four years if the P$/$E ratio remained unchanged? What would the price be

if the P$/$E ratio increased to $22$ in four years?

Note: Round your answers to $2$ decimal places.

Answer is complete but not entirely correct.