You have found the following historical information for the Daniela Company over the past four years: Stock price EPS Year 1 $49.18 2.35 Year 2 $53.18 2.47 Year 3 $58.14 2.78 Year 4 $56.32 3.04 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 one year from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target stock price