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You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $49.24 2.59 Year 2 $67.43 2.65 Year 3 $61.19

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You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $49.24 2.59 Year 2 $67.43 2.65 Year 3 $61.19 2.82 Year 4 $67.07 2.81 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? (Do not round in 32.16.) Target price $

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