$2\mathrm{.}1$

Assume Evco, Inc., has a current stock price of $$61\mathrm{.}25$ and will pay a $$2\mathrm{.}15$ dividend in one year; its equity cost of capital is $18\%.$ What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price?

The expected price is $

$($Round to the nearest cent.$)$