You have found the following historical information for the Daniela Company over the past four years:...

 

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You have found the following historical information for the Daniela Company over the past four years: Year 1 Year 2 Year 3 Year 4 Stock price EPS $ 49.65 2.42 $ $ 67.54 $ 60.50 58.32 2.59 2.74 2.88 Earnings are expected to grow at 10 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price one year from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) You have found the following historical information for the Daniela Company over the past four years: Year 1 Year 2 Year 3 Year 4 Stock price EPS $ 49.65 2.42 $ $ 67.54 $ 60.50 58.32 2.59 2.74 2.88 Earnings are expected to grow at 10 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price one year from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)