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: Year 1 Year 2 Year 3 Year 4 High $86.48 $97.00 $118.24 $130.15 price Low price 68.90 81.04 82.64 107.48 EPS 6.49 8.91 8.57 10.16 Earnings are projected to grow at 7 percent over the next year. What are the high and low PE ratios for each year? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) High PE Low PE Year 1 Year 2 Year 3 Year 4 What are the average high and low PE ratios over this period? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) High PE Low PE Average What is the 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 price What is the 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 price