You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.75 a share at the end of the year (D1=$2.75) and has a beta of 0.9 . The risk-free rate is 3.8%, and the market risk premium is 5.5%. Justus currently sells for $47.00 a share, and its dividend is expected to grow at some constant rate, 9 . Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is P2 ?) Do not round intermediate calculations: Round your answer to the nearest cent