Assume the firms dividend payment is $1.92, and that the required rate of return for the firms industry is 5.0%. What is the market value of firms shares under the Dividend Discount Model? Assume this years dividend has been paid already, and that the amount of dividend will not grow (i.e. g = 0).

Group of answer choices

$19.20

$25.90

$38.40

$50.00