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You have found the following historical information for the Daniela Company Stock price EPS Year 1 $45.33 2.42 Year 2 $58.22 2.48 Year 3 $67.14

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You have found the following historical information for the Daniela Company Stock price EPS Year 1 $45.33 2.42 Year 2 $58.22 2.48 Year 3 $67.14 265 Year 4 $62.14 264 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target price

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