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	$87.35	$99.01	$120.43	$132.22
Low price	69.47	82.33	81.05	109.10
EPS	6.52	8.94	8.60	10.19

Earnings are expected to grow at 9 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?