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. Earnings are expected to grow at 7 percent over the next year. a. What is the high target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3216. b. What is the low target stock price over the next year? Note: Do not round intermediate calculations and round your answer to 2 dec imal places, e.g., 3216