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value: 7.00 points 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 low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company: Year Year 1 Year 2 Year 3 $88.22 $101.02 $122.62 $134.29 High price Low price 70.04 83.62 79.46 110.72 EPS 6.55 8.97 8.63 10.22 Earnings are expected to grow at 6 percent for the next year. Required: What are the high and low PE ratios for each year? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). High PE Low PE Year 1 Year 2 Year 3 Year 4 What are the average high and lo PE ratios over this period? (Do not round intermediate calculations Round your answers to 2 decimal places (e.g., 32.16).) High PE Low PE Average What is the high target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) High target price What is the low target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Low target price eBook & Resources References Worksheet Difficulty: Intermediate Learning Objective: 07-02 Identify the different ways corporate directors are elected to office Check my work