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

	Year 1	Year 2	Year 3	Year 4
Stock price	$46.25	$60.22	$65.74	$63.30
EPS	2.46	2.52	2.69	2.68

Earnings are expected to grow at 13 percent for the next year.

Required:

What is the PE ratio for each year? (Do not round intermediate calculations. 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? (Do not round intermediate calculations. 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. Round your answer to 2 decimal places (e.g., 32.16).)

Target price

$