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 Year 2 Year 3 Year 4 High $88.51 $101.69 $123.35 $134.98 price Low price 70.23 84.05 78.93 111.26 EPS 6.56 8.98 8.64 10.23 ho Earnings are projected to grow at 6.5 percent over the next year. What are the high and low PE ratios for each year? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) High PE Low PE Year 1 Year 2 Year 3 Year 4 What are the average high and low PE ratios over this period? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) High PE Low PE Average 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.) High target price