Crisp Cookware's common stock is expected to pay a dividend of $$2$ a share at the end of this year $($D$1=$ $$2\mathrm{.}00)$; its beta is $0\mathrm{.}6.$ The risk$-$free rate is $4\mathrm{.}8\%$ and the market risk premium is $6\%.$ The dividend is expected to grow at some constant rate, gL$,$ and the stock currently sells for $$50$ a share. Assuming the market is in equilibrium, what does the market believe will be the stock's price at the end of $3$ years $($i$.$e$.,$ what is $)?$ Do not round intermediate calculations. Round your answer to the nearest cent.