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You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $45.56 2.43 Year 2 $59.43 2.49 Year 3 $66.79
You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $45.56 2.43 Year 2 $59.43 2.49 Year 3 $66.79 2.66 Year 4 $62.43 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target price
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