Johnsonville's common stock pays a dividend of $2.75/share end of this year (i.e. D1=$2.75). The beta is 1.20. The risk-free rate is 2.9%. The market risk premium is 6%. They expect the dividend to grow at constant rate g, while the stock currently sells for $28/share. Assuming market equilibrium, what does the market believe will be the stock's price at the end of 3 years?