Winnipesaukee Ice Boats (WIB) has 10,000 shares outstanding and is expected to have Net Income of $35,000 in year 1. WIB expects to retain 40% of its earnings to invest in projects at the end of year 1. If the expected share price 1 year from today is $65 and WIB's return on equity capital is 16%, what would you expect the share price to be today? 1 (round to the nearest cent: $x.xx)