The following are facts about the investments of Lester Company You purchased 1,800 shares of Pepper Co. Stock for $37,800 Pepper has 30,000 shares outstanding. 6. 2/31/15 Pepper reported net income of $55,000 6/30/16 You received a cash dividend of $1,400 from Pepper 12/31/16 Pepper reported net income of $66,000 8/2/17 You received a cash dividend of $1,500 from Pepper What is the value of Investment in Pepper Co. Stock on 8/2/17