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4. You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $49.47 $67.22 $60.84

4. You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $49.47 $67.22 $60.84 $67.36 EPS 2.60 2.66 2.83 2.82 Earnings are expected to grow at 9 percent for the next year. What is the PE ratio for each year? Yr1 Yr2 Yr3 Yr4 What is the average PE ratio over this period? Average PE= Using the company's historical average PE as a benchmark, what is the target stock price in one year? Target price=

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