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 price	$88.80	$102.36	$124.08	$135.67
Low price	70.42	84.48	78.40	111.80
EPS	6.57	8.99	8.65	10.24

Earnings are projected to grow at 7 percent over the next year.

A) 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.)

B) 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.)

C) 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.)

D) 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.)