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