Shackleford Corp. Net income this year is $800,000. The company generally retains 35% of net income for reinvestment. The company's common equity currently has a book value of $5,000,000. They just paid a dividend of $1.37, and the required rate of return on this stock is 12%. Compute the value of this stock if dividends are expected to continue growing I definitely at the company's internal growth rate.

A. 22.61

B. 11.42

C. 15.63

D. 4.35