The risk-free rate of return is 8.0%, the expected rate of return on the market portfolio is 18%, and the stock of Xyrong Corporation has a beta coefficient of 2.4; which equates to a required rate of return of 32.00%. Xyrong pays out 50% of its earnings in dividends, and the latest earnings announced were $20 per share. Dividends were just paid and are expected to be paid annually. You expect that Xyrong will earn an ROE of 20% per year on all reinvested earnings forever.

If the market price of a share is currently $49, and you expect the market price to be equal to the intrinsic value one year from now, calculate the price of the share after one year from now.