You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $ 45.10 2.41 Target price Year 2 $ 58.43 2.47 Year 3 $ 67.49 2.64 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? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Year 4 $61.85 2.63

You have found the following historical information for the Daniela Company: 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? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16