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: High price Low price EPS Year 1 $ 88.80 70.42 6.57 Year 2 $ 102.36 84.48 8.99 Year 3 $ 124.08 78.40 Year 4 $ 135.67 111.80 8.65 Earnings are expected to grow at 7 percent over the next year. a. What is the high target stock price over the next year? 10.24 Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the low target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. High target price b. Low target price