P/E Ratio Model and Future Price Target Corp

Multiple Choice

P/E Ratio Model and Future Price Target Corp.(TGT) recently earned a profit of $3.57 earnings per share and has a P/E ratio of 17.3.The dividend has been growing at a 14 percent rate over the past few years.If this growth continues,what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 23 in five years?

A) $118.85, $158.01 respectively
B) $137.19, $182.39 respectively
C) $173.87, $231.15 respectively
D) $308.81, $410.55 respectively