solve this question with an explanation

Gout Shoes Inc pays dividends annually and has an active share repurchase program. Gout makes all of its payouts at the end of each year and its year-end was yesterday. Today, Gouts share price is $34.33 and there are 100 million shares outstanding. Shareholders require a return of 9% and analysts expect Gouts payouts to grow in perpetuity at an annual rate of 3%. What are next years total payouts? A) $202 million B) $203 million C) $204 million D) $205 million E) *$206 million