You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1,50 a share at the end of the year (D1=$1.50) and has a beto of 0.9. The risk-free rate is 3.9%, and the market risk premlum is 4%. Justus currentiy sells for $48.00 a share, and its dividend is expected to grow at some constant rate, 9 . Assuming the market is in equilibrium, what does the market belleve will be the stock price at the end of 3 years? (That is, what is P^3 ?) Do not round intermediate calculations. Round your answer to the nearest cent