You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.25 a share at

[answerhappygod]

You are considering an investment in Justus Corporation's stock,which is expected to pay a dividend of $2.25 a share at the end ofthe year (D1 = $2.25) and has a beta of 0.9. The risk-free rate is5.7%, and the market risk premium is 4.0%. Justus currently sellsfor $27.00 a share, and its dividend is expected to grow at someconstant rate, g. The data has been collected in the MicrosoftExcel Online file below. Open the spreadsheet and perform therequired analysis to answer the question below. Assuming the marketis in equilibrium, what does the market believe will be the stockprice at the end of 3 years? (That is, what is ?) Round your answerto two decimal places. Do not round your intermediatecalculations.