Assume Evco, Inc. has a current stock price of $47.26 and will pay a $2.25 dividend in one year; its equity cost of capital is 13%. What price must you expect Evco stock to sell for immediately after...

Extracted text: Assume Evco, Inc. has a current stock price of $47.26 and will pay a $2.25 dividend in one year; its equity cost of capital is 13%. 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?