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 $87.06 ook $98.34 $119.70 $131.53 High price Low price EPS 69.28 6.51 81.90 8.93 81.58 8.59 108.56 10.18 rences Earnings are expected to grow at 8.5 percent over the next year. a. 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.) b. 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.) a. High target price Low target price b