Question 9 Historical information for the ABC Company is as follows: Year 1 18.87 Year 2 24.30 Year 3 23.57 Year 4 23.70 Part I: What is the average PE ratio over this period? (Round your answer to 2 decimal places, e.g., 32.16.) Average PE: Part II: Using the above historical average PE as a benchmark, what is the target price in one year? Current EPS is $2.72 and the earnings is expected to grow at 11 percent for the next year? (Round your answer to 2 decimal places, e.g., 32.16.) Target price: $ 2 pts