Rylan Industries Is Expected to Pay a Dividend of $5

Rylan Industries is expected to pay a dividend of $5.70 year for the next four years. If the current price of Rylan stock is $31.27, and Rylan's equity cost of capital is 12%, what price would you expect Rylan's stock to sell for at the end of the four years?

A) $21.96
B) $39.53
C) $17.57
D) $61.49