E$-$Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $$6$ in perpetuity, beginning $5$ years from now.

If the market requires a $12$ percent return on this investment, how much does a share of preferred stock cost today?

Multiple Choice

$$ $$33\mathrm{.}36$

$$50\mathrm{.}00$

$$ $$28\mathrm{.}37$

$$ $$30\mathrm{.}19$

$$ $$31\mathrm{.}78$