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Check my work If you look at stock prices over any year, you will find a high and low stock price for the year. Instead

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Check my work If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company over the past four years: Year 1 High price $ 99.60 Year 2 $ 123.20 90.54 10.63 Year 3 $ 132.60 71.22 11.71 Year 4 $ 149.23 117.75 13.10 Low price EPS 74.43 8.88 Earnings are projected to grow at 8 percent over the next year. a. What is your high target stock price over the next year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is your low target stock price over the next year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. High target stock price b. Low target stock price

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