Brad's Meatball Emporium (BME) paid a $1.50 per share dividend to its common stockholders today. BME plans to increase the dividend at a constant rate equal to 2% per year into perpetuity. Investors require a 12% rate of return to purchase BME's common stock. At what price should BME's common stock trade today? \begin{tabular}{|} $12.50 \\ $12.75 \\ $15.00 \\ $15.30 \\ $16.80 \end{tabular}