Steve Rogers recently purchased shares of Quinn Worldwide. The stock is expected to pay a dividend of $$2$ next year. Financial analysts at Infinity Gauntlet PVC believe that future dividends should increase at a constant growth rate of $7\%.$ What is the maximum price that Steve Rogers should be willing to pay for this stock if the required retum is $12\%?$

Select one:

A$.$ $$16\mathrm{.}67$

B$.$ $$42\mathrm{.}80$

C$.$ $$11\mathrm{.}26$

D$.$ $$40\mathrm{.}00$

E$.$ $$10\mathrm{.}53$