Over the Past 5 Years, Dippity Doo-Dah Party Dips' Common

Over the past 5 years, Dippity Doo-Dah Party Dips' common stock earnings per share have grown from $0.62 to $0.91. If an investor in Dippity's stock is assumed to have a required rate of return of 14%, what is the current value of Dippity if its current dividend is 0.12? Assume EPS will continue to grow at a constant rate.

A) $2.16
B) $1.62
C) $4.94
D) $2.00