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

• Stock price year 1= $47.40 EPS year 1 = 2.51
• Stock price year 2 = $63.43 EPS year 2 = 2.57
• Stock price year 3 = $63.99 EPS year 3 = 2.74
• Stock price year 4 = $64.75 EPS year 3 = 2.73

Earnings are expected to grow at 12 percent for the next year.

Required:Using the company's historical average PE as a benchmark, what is the target stock price in one year?(Do not round intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)