ABC Corp is expected to pay $$1\mathrm{.}50$ per share next year, and it is expected that these dividend payments will continue indefinitely. If ABC's equity cost of capital is $12\%.$ then the value of a share of ABC's stock is closest to:

a$.$ $$18\mathrm{.}50$

b$.$ $$16\mathrm{.}50$

c$.$ $$14\mathrm{.}50$

d$.$ $$12\mathrm{.}50$