Problem 8-12 Stock Valuation and PE [LO2] The Dahlia Flower Company has earnings of $1.70 per share. The benchmark PE for the company is 20. a. What stock price would you consider appropriate? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if the benchmark PE were 23? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)