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You have found the following historical information for the Daniela Company over the past four years: Year 1 Year 2 Year 3 Year 4 Stock

You have found the following historical information for the Daniela Company over the past four years: Year 1 Year 2 Year 3 Year 4 Stock price $ 51.75 $ 61.12 $ 70.34 $ 64.00 EPS 2.70 2.82 3.10 3.30 Earnings are expected to grow at 16 percent for the next year. Using the companys historical average PE as a benchmark, what is the target stock price one year from today?

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