If you look at stock prices over any year, you will find a high and low stock prices for the year. Instead of a single benchmark PE ratio, we now have 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	$	28.93			$	27.82			$	31.92			$	38.51
Low price		21.36				21.68				27.15				27.91
EPS		1.70				1.83				1.96				2.30

Earnings are projected to grow at 9% over the next year.

a. What is your high target stock price over the next year?

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