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You have found the following historical information for the Daniela Company over the past four years:Year 1 Stock price $ 5 1 . 9 0

You have found the following historical information for the
Daniela Company over the past four years:Year 1 Stock price $ 51.90Year 2 Stock price $ 61.32Year 3 Stock price $ 70.54Year 4 Stock price $ 64.25EPSYear 1: 2.72Year 2: 2.84Year 3: 3.12Year 4: 3.33Earnings are expected to grow at 17 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.)

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