A stock is expected to pay $$3\mathrm{.}20$ per share every year indefinitely and the equity cost of capital for the company is $12\%.$ What price would an investor be expected to pay per share next year?

A$.$ $$6\mathrm{.}67$

B$.$ $$20\mathrm{.}00$

C$.$ $$13\mathrm{.}34$

D$.$ $$26\mathrm{.}67$