9.

You have found the following historical information for the Daniela Company: Year 3 $ 64.34 2.73 Year 4 $ 64.46 2.72 Stock price EPS Target price Earnings are expected to grow at 11 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Note: 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: Earnings are expected to grow at 11 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16