Ceejay Corporation's stock is currently selling for $30 per share. The firm has been experiencing a 6% annual growth rate. Last year's earnings per share, E0, were $4.00 and the dividend payout ratio is 40%. The risk-free rate is 8%, and the market risk premium is 5%. If market risk (beta) increases by 50%, and all other factors remain constant, what will be the new stock price?