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Sunoco retains 35% of net income for reinvestment and its net income is $800,000. The book value of the company's common stock is $5,000,000. Sunoco

Sunoco retains 35% of net income for reinvestment and its net income is $800,000. The book value of the company's common stock is $5,000,000. Sunoco just paid a dividend of $1.37. What should be the value of Sunoco's stock if investors require a rate of return of 12%? O A. $11.42 O B. $4.35 O C. $22.61 OD. $15.63

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