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		$	87.64			$	99.68			$	121.16			$	132.91
Low price			69.66				82.76				80.52				109.64
EPS			6.53				8.95				8.61				10.20

Earnings are expected to grow at 5 percent over the next year.

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.) High target price $

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.) Low target price $