Xinhua Manufacturing Company has been generating stable revenues that are not expected to grow at least for the next 12 months. The company's last dividend was $3.25, and it is unlikely to change the amount paid out. If the required rate of return is 12 percent, what is the stock worth today? $3.69 $39.00 O $27.08 O $21.23

Xinhua Manufacturing Company has been generating stable revenues that are not expected to grow at least for the next 12 months. The company's last dividend was $3.25, and it is unlikely to change the amount paid out. If the required rate of return is 12 percent. what is the stock worth today? $3.69 $39.00 $27.08 $2123