Dollar General (DG) recently earned a profit of $2.85 per share and has a P / E ratio of 23.19. Earnings have been growing at 11.5 percent per year over the past few years. If this growth continues , what would the stock price be in five years if the P/E ratio remains unchanged? What would the price be in five years if the P / E ratio declined to 20?

a. $119.83, $103.71 respectively

b. $128.75, $128.29 respectively

c. $113.90, $98.23 respectively

d. $107.25, $99.83 respectively