You have found the following historical information for the Daniela Company: ear 1 $45.10 2.41 ear $67.49 2.64 ear $61.85 2.63 ear Stock price EPS $58.43 2.47 Earnings are expected to grow at 8 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).) Year 1 Year 2 Year 3 Year 4 PE ratio 18.71 23.66 25.56 23.52 What is the average PE ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) verage PE 22.86 Using the company's historical average PE as a benchmark, what is the target stock price in one year? (D not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16) Target price