A firm has experienced a constant annual rate of dividend growth of $5$ per cent on its ordinary shares and expects the dividend per share in the coming year to be $$2\mathrm{.}70.$ The firm can earn $12$ per cent on similar risk investments. The value of the firm's ordinary shares is:

Group of answer choices

$38\mathrm{.}57$

$36\mathrm{.}23$

$37\mathrm{.}82$

$39\mathrm{.}68$