Mannix Corporation stock currently sells for $$40$ per share. The market requires a return of $12$ percent on the firm's stock.

If the company maintains a constant $8$ percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

Multiple Choice

$$8\mathrm{.}08$

$$1\mathrm{.}60$

$$3\mathrm{.}54$

$$1\mathrm{.}48$

$$1\mathrm{.}42$