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You have found the following historical information for the Daniela Company over the past four years: Stock price EPS Year 1 $51.30 2.64 Year 2
You have found the following historical information for the Daniela Company over the past four years: Stock price EPS Year 1 $51.30 2.64 Year 2 $60.52 2.76 Year 3 $69.74 3.04 Year 4 $63.25 3.21 Earnings are expected to grow at 13 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price one year from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target stock price
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