Problem 4-21 P/E and Stock Price Fontaine Inc. recently reported net income of $5 million. It has 410,000 shares of common stock, which currently trades at $41 a share. Fontaine continues to expand and anticipates that 1 year from now, its net income will be $7.75 million. Over the next year it also anticipates issuing an additional 102,500 shares of stock so that 1 year from now it will have 512,500 shares of common stock. Assuming Fontaine's price/earnings ratio remains at its current level, what will be its stock price 1 year from now? Round your answer to the nearest cent