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?

a$.$ High target stock price

b$.$ Low target stock price