Which of the following statement is correct with respect to Gordon's model?

(A) When IRR is greater than cost of capital, the price per share increases and dividend pay-out decreases

(B) When IRR is greater than cost of capital, the price per share decreases and dividend pay-out increases

(C) When IRR is equal to cost of capital, the price per share increases and dividend pay-out decreases

(D) When IRR is lower than cost of capital, the price per share increases and dividend pay-out decreases