The Venetian Corporation recently reported net income of $3,000,000. It has 600,000 shares of common stock, which currently trades at $50 a share. Venetian continues to expand and expects that 1 year from now its net income will be $4,125,000. Over the next year it also anticipates issuing an additional 180,000 shares of stock, so that 1 year from now it will have 780,000 shares of common stock. Assuming its price/earnings ratio remains at its current level, what will be its stock price 1 year from now?
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