Sully Corp. currently has an EPS of $2.29, and the benchmark PE ratio for the company is 24. Earnings are expected to grow at 6 percent per year. What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Stock price $
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.)
Stock price in one year $