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	$	98.80			$	122.40			$	131.80			$	148.43
Low price		73.63				89.74				70.42				116.95
EPS		8.08				9.83				10.91				12.30

Earnings are projected to grow at 6 percent over the next year.

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.)

High target stock price

$

What is your 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.)

Low target stock price

$