XYZ Corporation's Next Dividend Is Expected to Be $3 Per

XYZ Corporation's next dividend is expected to be $3 per share. Dividend growth rate has been at 2% and expected to be so into the future. If investor's return is 10%, calculate the stock price last
Year.

A) $35.86
B) $36.16
C) $36.46
D) $36.76
E) 37.07