You have found the following historical information for the Multi-National United (MNU):
Year 1 Year 2 Year 3 Year 4 Stock price $ 51.60 $ 60.92 $ 70.14 $ 63.75 EPS 2.68 2.80 3.08 3.27
Earnings are expected to grow at 15 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 final answer to 2 decimal places. (e.g., 32.16))
Target stock price $
Please help and show work if possible.