The common stock of Jordan's Jalopies Inc. will pay an annual dividend of $2.70 a share in one year. The company has promised to maintain a constant dividend. How much are you willing to pay for one share if you require a 12.70 percent annual return on your equity investments?

A) $10.00

B) $34.29

C) $15.40

D) $4.70

E) $21.26