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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

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 $ 90.25 $ 105.71 $ 127.73 $ 139.12
Low price 71.37 86.63 75.75 114.50
EPS 6.62 9.04 8.70 10.29

Earnings are expected to grow at 8 percent over the next year.

What is the high 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.

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.

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