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

	Year 1				Year 2				Year 3				Year 4
Stock price		$	48.32			$	65.43			$	62.59			$	65.91
EPS			2.55				2.61				2.78				2.77
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 $