You're considering an investment in Crisp's Cookware's common stock. The stock is anticipated to pay the dividend of $3 a share at the end of the year (D1 = $3.00); its beta is 0.8; the risk-free rate is 5.2 %; and market risk premium is 6%. The dividend is expected to grow at some constant rate g, the stock currently sells for $40 a share. Supposing the market is in equilibrium, what does the market think will be the stock price at the end of three years (i.e.,what is P3)? Round your answer to the nearest cent.