What did I do wrong?

19.50*2.52*(1+0.09)=

49.14 *1.09

=53.56

14*2.52* (1+0.09)

35.28*1.09

38.455

Kellogg Co. (K) recently earned a profit of $2.52 earnings per share and has a P/E ratio of 19.50. The dividend has been growing at a 9 percent rate over the past few years. If this growth rate continues, what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 14 in five years? (Round your answers to 2 decimal places.) 53.56 38.45 Stock price Stock price with new P/E