Question: **TIME SENSITIVE** please, make sure your answer is correct & solve by 2pm (1 hr from posting) thank you so much! assume Evco, Inc. has

**TIME SENSITIVE** please, make sure your answer is correct & solve by 2pm (1 hr from posting) thank you so much!
**TIME SENSITIVE** please, make sure your answer is correct & solve

assume Evco, Inc. has a current stock price of $52.71 and will pay a $2.15 dividend in one year, its equity cost of capital is 20% What price must you expect Evco stock sell for immediately after the firm pays the dividend in one year to justify its current price? We can expect Evco stock to sell for $(Round to the nearest cent.)

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