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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 $ 45.56 $ 59.43

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

Year 1 Year 2 Year 3 Year 4
Stock price $ 45.56 $ 59.43 $ 66.79 $ 62.43
EPS 2.43 2.49 2.66 2.65

Earnings are expected to grow at 10 percent for the next year.

Using the company's historical average PE as a benchmark, what is the target stock price in one year?

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