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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

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 Year 2 Year 3 Year 4
High price $ 99.70 $ 123.30 $ 132.70 $ 149.33
Low price 74.53 90.64 71.32 117.85
EPS 8.98 10.73 11.81 13.20
Earnings are projected to grow at 9 percent over the next year.

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.)

High target stock price ?

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

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