You have found the following historical information for the Daniela Company:

	Year 1	Year 2	Year 3	Year 4
Stock price	$45.79	$59.22	$66.44	$62.72
EPS	2.44	2.50	2.67	2.66

Earnings are expected to grow at 11 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.)