Please provide a full explanation, thanks!

5) Mannix Corporation stock currently sells for $75 per share. The market requires a return of 12 percent on the firm's stock. If the company maintains a constant 5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? A) $4.80 B) $5.25 C) $12.80 D) $7.20 E) $5.00