(One period stock pricing.) Nick's Marine Company (NMC) currently has a stock price per share of $55. If NMC's cost of equity capital (the discount rate for equity) is 13.6% and capital gains rate (gain/loss in prices relative to today's price) for the next year is expected to be 10.7%, the dividend in the upcoming year (t = 1) should be?

A) $7.48

B) $5.88

C) $1.60

D) $5.20