Problem 8-27 Stock Valuation and PE [LO2] You have found the following historical information for the Daniela Company over the past four years: ear 1 Year 2 Year 3 Year 4 Stock price $51.00 $60.12 $69.34 $62.75 3.15 EPS 2.60 2.72 3.00 Earnings are expected to grow at 11 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price one year from today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target stock price