Saveu 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 High price Low price EPS $89.09 70.61 6.58 Year 2 $103.03 84.91 9.00 Year 3 $124.81 77.87 8.66 Year 4 $136.36 112.34 10.25 Earnings are expected to grow at 8 percent over the next year. a. 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.) b. 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.) Wish target price a. High target price b. Low target price