If you look at stock prices over any year, you will find a high and low stock pr

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If you look at stock prices over any year, you will find a high and low stock price lor the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company: Earnings are expected to grow at 8.5 percent for the next year. Required: What Is the high target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g.. 32.16).) High target price $ What is the low target stock price in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Low target price $

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