Pacific Cruises has issued perpetual preferred stock which offers a dividend of $$4$ per year. If the market demands a $16\%$ return on investments of this nature, what is the market value of Pacific Cruises' preferred stock?

$$25\mathrm{.}00$

$$20\mathrm{.}00$

$$30\mathrm{.}00$

$$15\mathrm{.}00$