Genzyme Corporation and Biogen Idec Inc. have exactly the same operating risk. Investors expect Genzyme to pay no dividends and to have a price of $85 in one year. Investors expect Biogen to pay a dividend of $4.00 in one year and to have a value of $52 in one year. Investors pay 30% tax on dividends but no tax on capital gains. If the current price of Genyzeme is $69.59, what is the price of Biogen Idec?