A stock is currently priced at $35.2. Its dividend is expected to grow at a rate of 5.3% per year indefinitely. The stock's required return is 9.8%. The stock's predicted price 7 years from now, P7, should be $________.

Margin of error for correct responses: +/- .05

Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456, 12.3456%, or $12.3456, you should enter 12.35).