Crisp Cookware's common stock is expected to pay a dividend of $1.5 a share at the end of this year (D1=$1.50); its beta is 0.9. The risk-free rate is 4% and the market risk premium is 6%. The dividend is expected to grow at some constant rate, 9L and the stock currently sells for $40 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 P3 )? Do not round intermediate calculations. Round your answer to the nearest cent. 5