$12-$ Pear plc has $4$ million shares in issue with a nominal value of $50$p per share. A dividend of $24$p per share has just been paid.

Four years ago, the dividend was $20\mathrm{.}51$p per share. The beta $()$ of shares in the company is $0\mathrm{.}5.$

The risk free rate is $3\%$ and the market premium is $8\%.$

What is the market capitalisation of the company?

a$.33,280,000$

b$.28,447,883$

c$.16,640,000$

d$.66,560,000$