How much are you willing to pay for one share of LBM stock if the company just paid a $1.23 annual dividend today, the dividends increase by 3.1 percent annually, and you require a return of 16 percent?

How much are you willing to pay for one share of LBM stock if the company just paid a $1.23 annual dividend today, the dividends increase by 3.1 percent annually, and you require a return of 16 percent?