You Are Considering the Purchase of a Share of Ranch's

You are considering the purchase of a share of Ranch's common stock.You expect to sell it at the end of 1 year for $32.00.You will also receive a dividend of $2.50 at the end of the year.Ranch just paid a dividend of $2.25.If your required return on this stock is 12%,what is the most you would be willing to pay for it now?

A) $28.57
B) $33.05
C) $20.83
D) $30.80