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:

	Year 1				Year 2				Year 3				Year 4
High price	$	98.90			$	122.50			$	131.90			$	148.53
Low price		73.73				89.84				70.52				117.05
EPS		8.18				9.93				11.01				12.40

Earnings are projected to grow at 7 percent over the next year.

What is your high target stock price over the next year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

High target stock price

$

What is your low target stock price over the next year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Low target stock price

$