MAB Ltd Has Just Announced Its Latest Dividend at $0 $\$ 12.00$

MAB Ltd has just announced its latest dividend at $0.60 per share.If MAB has a constant expected growth rate of 5% and a cost of capital of 7%,which of the following is the best estimate of the value of MAB Ltd's shares?

A) $\$ 12.00$
B) $\$ 12.60$
C) $\$ 30.00$
D) $\$ 31.50$