Problem 7-28 Stock Valuation and PE ILO 2] 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 58648 S97.00 $118.24$130.15 82.64 107.48 10.16 High price Low price 68.90 81.04 6.49 8.91 8.57 Earnings are expected to grow at 7 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.)