Sully Corp. currently has an EPS of $2.58, and the benchmark PE ratio for the company is 24. Earnings are expected to grow at 7.5 percent per year.

Requirement 1:

What is your estimate of the current stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2:

What is the target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 3:

Assuming that the company pays no dividends, what is the implied return on the company's stock over the next year? (Do not round intermediate calculations. Round your answer to 1 decimal place (e.g., 32.2).)