SuperGlue has current earnings per share of $3.30. The retention rate is 60% and the ROE is 30%. You expect dividends to grow at the current rate for the next 3 years. After that, you assume the growth rate will fall to 3.5%. This will produce a conservative estimate of the future price at the end of year 3 of $49. If investors require 8% on SuperGlue, estimate the current price of the stock. The current dividend has just been paid, so you will not receive it. Please show your work.