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

	Year 1	Year 2	Year 3	Year 4
Stock price	$48.78	$66.43	$61.89	$66.49
EPS	2.57	2.63	2.80	2.79

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

Required:

What is the PE ratio for each year? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	PE ratio
Year 1
Year 2
Year 3
Year 4

What is the average PE ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Average PE

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).)

Target price

$