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 a low stock

price for the next year. Suppose we have the following

information on a particular company over the past four

years.

Earnings are projected to grow at $9\%$ over the next year.

$($Do not round intermediate calculations and round your

answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$.$ What is your high target stock price over the next year?

b$.$ What is your low target stock price over the next year?