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

	Year 1				Year 2				Year 3				Year 4
Stock price		$	46.71			$	61.22			$	65.04			$	63.88
EPS			2.48				2.54				2.71				2.70

Earnings are expected to grow at 9 percent for the next year. What is the PE ratio for each year? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	PE ratio
Year 1
Year 2
Year 3
Year 4

What is the average PE ratio over this period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average PE 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 $