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Problem 8-27 Stock Valuation and PE [LO2] You have found the following historical information for the Daniela Company over the past four years: Year

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Problem 8-27 Stock Valuation and PE [LO2] You have found the following historical information for the Daniela Company over the past four years: Year 1 Year 2 Year 3 Year 4 Stock price $ 51.30 EPS $ $ 69.74 $ 63.25 60.52 2.64 276 3.04 3.21 Earnings are expected to grow at 13 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

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