You have found the following historical information for the Daniela Company over the past four years:

	Year 1				Year 2				Year 3				Year 4
Stock price	$	50.40			$	59.32			$	68.54			$	61.75
EPS		2.52				2.64				2.89				3.03

Earnings are expected to grow at 15 percent for the next year. Using the companys historical average PE as a benchmark, what is the target stock price one year from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)