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You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $ 45.79 $ 59.22
You have found the following historical information for the Daniela Company:
Year 1 | Year 2 | Year 3 | Year 4 | |||||||||||||
Stock price | $ | 45.79 | $ | 59.22 | $ | 66.44 | $ | 62.72 | ||||||||
EPS | 2.44 | 2.50 | 2.67 | 2.66 | ||||||||||||
Earnings are expected to grow at 11 percent for the next year.
Using the company's historical average PE as a benchmark, what is the target stock price in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target price $
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