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:

If you look at stock single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a hi particular company over the past four years prices over any year, you will find a high and low stock price for the year. Instead of a gh and a low stock price for the next year. Suppose we have the following information on a Year 2 Year 4 $98.80 $122.40 $131.80 148.43 116.95 12.30 ear Year 3 High price Low price EPS 73.63 8.08 89.74 9.83 70.42 10.91 Earnings are projected to grow at 6 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Low target stock price