Jim Cramer claims that Roblox will start paying dividends in the near future because of all of the cash flow that it generates. When pressed on the issue, Mr. Cramer said Roblox will start paying its first dividend 3 years from now in the amount of $20 per share, after which the growth rate would be a constant rate of 3%, forever. Roblox has a debt-to-equity ratio (D/E) of 0.5, the annual YTM on the companys bonds averages 4% and the companys tax rate is projected to be 30% in the future. If the risk-free rate is 2.4%, the market risk premium is 6% and Robloxs Beta is 1.2.

what should the stock sell for today based on a discounted valuation of the future dividends that your friend projected?