You have found the following historical information for DEF Company: Year 1 Year 2 Year 3 Year 4 Stock Price $45.27 $52.2 $56.65 $59.24 EPS $2.08 $2.42 $2.82 $3.72 Earnings are expected to grow at 9 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Answer to two decimals