$16)$ Metallica Bearings, Incorporated, Is a young start$-$up compary. No dividends will be pald on the stock over the next $14$ years because the firm needs to plow back its earnings to fuel growth. The company will pay a dlvidend of $$10$ per share $15$ years from today and will Increase the dividend by $7$ percent per year thereafter.

If the required return on this stock is $15$ percent, what is the current share price?

Multiple Choice

$$17\mathrm{.}67$

$$15\mathrm{.}36$

$$1678$

$$18\mathrm{.}55$

$$18\mathrm{.}20$