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:

	Year 1	Year 2	Year 3	Year 4
High price	$ 99.20	$ 122.80	$ 132.20	$ 148.83
Low price	74.03	90.14	70.82	117.35
EPS	8.48	10.23	11.31	12.70

Earnings are projected to grow at 4 percent over the next year.

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