12. Suppose a firm's stock beta is 1.4, the expected dividend next period is $3.60, and dividends are expected to grow four percent every period forever. If the expected return on the market is twelve-percent and the risk free rate is two percent, calculate the stock price based on the CAPM and constant growth stock valuation model. A) $12 B) $15 C)$16 D)$24 E) $30