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You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price EPS $63.25 $71.94 $83.43
You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price EPS $63.25 $71.94 $83.43 $88.27 3.15 3.35 3.60 3.85 Earnings are expected to grow at 7 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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