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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

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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 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 High price Low price EPS $97.90 72.73 7.18 2 $121.50 88.84 8.93 Year 3Year 4 $147.53 116.05 11.40 $130.90 69.52 10.01 Eamings are expected to grow at 6 percent for the next year. Required What is the high target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) High target price What is the low target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Low target price

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