Stock Price

You are considering purchasing a stock that you would like to hold for a year. At the end of the year, you expect to receive $12\mathrm{.}5$ as dividends and $350$ from the sale of the share. What should be the maximum price that you would pay for a share today if you wanted to earn a $12\%$ return?

$312\mathrm{.}5$

$323\mathrm{.}7$

$384\mathrm{.}7$

$413\mathrm{.}2$