A company has paid a dividend of $0.75 per share this year. The risk-free rate of return is 2%, and the required return of the stock is 15%. If the companys intrinsic value is $30.00 today, what must be its (implied) growth rate? Show work.

A. 13%

B. 12.5%

C. 2%

D. 12.20%

E. 15%