The Lara Company has 100,000 shares of common stock outstanding with a $10 per share par value. In addition, the company has 30,000 shares of preferred stock outstanding with a $100 par value. On this preferred stock, there is a 5 percent annual dividend that is cumulative. No dividend is paid on the preferred stock during Year One. Which of the following statements is true?

A $4.20

B $4.17

C $4.13

D $4.00