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Below is the historical information of Company XYZ: Year 2017 Year 2018 Year 2019 Year 2020 Stock price $ 49.80 $ 58.52 $ 67.74 $

Below is the historical information of Company XYZ: Year 2017 Year 2018 Year 2019 Year 2020 Stock price $ 49.80 $ 58.52 $ 67.74 $ 60.75 EPS 2.44 2.60 2.77 2.91 The market thinks that Company XYZs average PE ratio over the past 4 years can be a good benchmark for valuations. It is also forecasted that earnings of Company XYZ will grow at a rate of 11% in 2021. Please calculate the target stock price for Company XYZ in 2021

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