High Tech Chip Company Paid a Dividend Last Year of $2.50

High Tech Chip Company paid a dividend last year of $2.50. The expected ROE for next year is 12.5%. An appropriate required return on the stock is 11%. If the firm has a plowback ratio of 60%, the dividend in the coming year should be

A) $1.00.
B) $2.50.
C) $2.69.
D) $2.81.
E) None of the options are correct.