To get the theoretical top speed we will use your brushless motor Kv rating and the battery pack you are using with the rollout number. Just remember that this is a theoretical top speed because there are other factors that will influence your top speed such as drag, weight of the vehicle, and voltage drop of the cells under load. Also Novak does not rate their motors under load, so the Kv rating will be a little lower than what is published on their site.
Let's work with the numbers we have and we’ll probably be close to the actual top speed.
SMC 4200 pack = 7.2 volts
7.5 motor = 5800 Kv
7.2 volts x 5800 Kv = 41,760 max RPMs
Rollout is defined as the distance traveled by the vehicle per revolution of the motor, so
41,760 RPMs x Rollout of 1.11 = 46,353.6 inches per minute. Now convert that into miles per hour and you get your top speed. You have 5280 feet in a mile so
46,353.6 inches / 12 inches per foot / 5280 feet in a mile x 60 minutes in an hour =
43.9 miles per hour
There are also speed calculators on the web that will give you the same answer without having to do all the math. This one does not use rollout, just plug in the appropriate values.
http://www.scriptasylum.com/rc_speed/_top_speed.html