Crisps Cookware's common stock is expected to pay a dividend of $2.5 a share at the end of this year (D1 = $250); its beta is 0.70; the risk-free rate is 5.9%; and the market risk premium is 6%. The dividend is expected to grow at some constant rate g, and the stock currently sells for $48 a share. Assuming the market is equilibrium, what does the market believe will be the stock's price at the end of 3 years? Do not round intermediate steps. Riund your answer to the nearest cent.