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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 $ 4 6 .

You have found the following historical information for the Daniela Company:
Year 1 Year 2 Year 3 Year 4
Stock price $ 46.71 $ 61.22 $ 65.04 $ 63.88
EPS 2.482.542.712.70
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?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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