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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 $ 47.86 $ 64.43

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

Year 1 Year 2 Year 3 Year 4
Stock price $ 47.86 $ 64.43 $ 63.29 $ 65.33
EPS 2.53 2.59 2.76 2.75

Earnings are expected to grow at 8 percent for the next year.

Using the company's historical average PE as a benchmark, what is the target stock price in one year?

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