"FB Light" stock has paid a dividend for many years with a consistent growth in dividends. Over the last several years it has increased dividends 5% every two years. Currently, it pays a dividend of $2.50 per share annually. If the CAPM indicates that investors seek 12% return per year on FB Light stock, what is the current price of FB Light stock price per share? Group of answer choices

$21.35

$45.00

$37.50

$26.97