You have found the following historical information for DEF Company:

Year$1$

$\backslash$table$[[$Year $2,$Year $3,$Year $4]]$

Stock Price $$26\mathrm{.}65$

$$26\mathrm{.}04,$$$28\mathrm{.}5,$$$29\mathrm{.}05$

EPS

$$2\mathrm{.}64$

$$3\mathrm{.}01,$$$4\mathrm{.}33,$$$4\mathrm{.}8$

Earnings are expected to grow by $5\mathrm{.}62$ percent for the next year $($Year $5).$ Using the company's historical average PE as a benchmark, what is the target stock price $($in $$)$ in one year?

Answer to two decimals