Kellner Motor Co$.\text{'}$s stock has a required rate of return of $11\mathrm{.}50\%,$ and it sells for $$23\mathrm{.}00$ per share. Kellner's dividend is expected to grow at a constant rate

of $7\mathrm{.}00\%.$ What was the last dividend, $D_0?$

Select the correct answer.

a$.$ $$1\mathrm{.}78$

b$.$ $$1\mathrm{.}24$

c$.$ $$1\mathrm{.}51$

d$.$ $$2\mathrm{.}05$

e$.$ $$0\mathrm{.}97$