Question: please solve. Problem 7-27 Stock Valuation and PE (LO 1] You have found the following historical information for the Daniela Company: Year 1 Year 2

please solve. please solve. Problem 7-27 Stock Valuation and PE (LO 1] You have

Problem 7-27 Stock Valuation and PE (LO 1] You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 $48.09 $64.22 $62.94 $65.62 Stock price EPS 2.54 2.60 2.77 2.76 Earnings are expected to grow at 9 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target price

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