How to solve

Suppose NoGro, Inc. has just issued a dividend of $$3\mathrm{.}25$ per share. Subsequent dividends will remain at $$3\mathrm{.}25$ indefinitely. Returns on the stock of firms like NoGro are currently running $10\%.$ What is the value of one share of stock?

$$ $$22\mathrm{.}50$

$$27\mathrm{.}25$

$$32\mathrm{.}50$

$$37\mathrm{.}25$

$$39\mathrm{.}75$