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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 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 $ 62.18 $ 67.29 $ 74.18 $ 78.27
Low price 40.3043.1839.2746.21
EPS 2.352.582.732.89
Earnings are expected to grow at 9 percent over the next year.
What is the high target stock price in one year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What is the low target stock price in one year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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