You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $49.50 $58.12 $67.34 $60.25 EPS 2.40 2.58 2.71 2.85 Earnings are expected to grow at 11 percent for the next year. Required: 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 $