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Assume Evco, Inc, has a current stock price of $52.15 and will pay a $2.00 dividend in one year; as equity cost of captal is

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Assume Evco, Inc, has a current stock price of $52.15 and will pay a $2.00 dividend in one year; as equity cost of captal is 17%. What price must ycu expect Evco assck to sell for inmedlasaly aftur the firm pays the dividend in one year to justfy its current price? We can expect Evco stock to sell for $ (Round to the nearest cent)

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