Kellogg Co. (K) recently earned a profit of $3.72 earnings per share and has a P/E ratio of 20.10. The dividend has been growing at a 5 percent rate over the past few years.

If this growth rate continues, what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 15 in five years? (Round your answers to 2 decimal places.)

Stock price	$
Stock price with new P/E	$