You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $49.95 2.46 Year 2 $58.72 2.61 Year 3 $67.94 2.80 Year 4 $61.00 2.94 Earnings are expected to grow at 12 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 final answer to 2 decimal places. (e.g., 32.16)) Target stock price