#$13.$ Nonconstant Growth:

Mittal motors is a young start$-$up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back $$ its earnings to fuel growth. The company will then pay a $$7$ per share dividend in year $10$ and will increase the dividend by $5\%$ per year thereafter.

If the required return on this stock is $13\%,$ what is the current share price?