Homework: Ch 7 Homework Save Score: 0 of 1 pt 1 of 6 (0 complete) P7-4 (similar to) HW Score: 0%, 0 of 6 pts Question Help Assume Evco, Inc. has a current stock price of $48.42 and will pay a $2.25 dividend in one year, its equity cost of capital is 17%. 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? We can expect Evoo stock to sell for $ - (Round to the nearest cent.)