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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 $ 50.70 $ 59.72 $ 68.94 $ 62.25 EPS 2.56 2.68 2.95 3.09 Earnings are expected to grow at 17 percent for the next year. Using the companys 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.)

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