Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $$8$ per share. If the required return on this preferred stock is $12\mathrm{.}34\%,$ at what price should the preferred stock sell?

$$66\mathrm{.}95$

$$64\mathrm{.}83$

$$69\mathrm{.}69$

$$61\mathrm{.}27$

$$59\mathrm{.}50$