Harbour Corporation Pays a Dividend of $2

Harbour Corporation pays a dividend of $2.15 per year,which is expected to grow at a rate of 3% per year.Harbour has a cost of capital of 12%,and an EPS of $4.42.Its competitor,Pallantine Inc.,pays a yearly dividend of $1.25 per year,which is expected to grow at a rate of 6% per year.Pallantine has an EPS of $5.19.What would be the expected price of Pallantine stock,if estimated using the method of comparables?

A) $19.33
B) $20.84
C) $23.89
D) $21.04
E) $28.05