You have found the following historical information for DEF Company:

Year$1$ Year $2$ Year $3$ Year $4$

Stock Price $$48\mathrm{.}19$ $$50\mathrm{.}75$ $$52\mathrm{.}77$ $$60\mathrm{.}96$

EPS $$2\mathrm{.}19$ $$2\mathrm{.}51$ $$2\mathrm{.}84$ $$3\mathrm{.}95$

Earnings are expected to grow at $7$ percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Answer to two decimals.