M Corporation has total earnings of $$150$ million which are projected to remain constant forever. The company also has $200$ million total shares outstanding. Starting in period $1,$ the company intends to give out $30\%$ of its earnings as dividends. In addition, the company intends to spend another $20\%$ of its earnings to buy back some of its own shares. The equity cost of capital is $10\%$ while the growth rate is $0\%.$

Given the information above, what would be the stock price of $M$ corporation today $($i$.$e$.P_0)$ according to the total payout model?

A$.$ $$3\mathrm{.}75$

B$.$ $$0\mathrm{.}375$

C$.$ $$2\mathrm{.}25$

D$.$ $$750$