2. Biotech (BTCH) is a young start-up company and will not pay a dividend for the next 10 years because the firm is reinvesting all of its earnings into growing its business. The company will pay a $10.00 dividend 11 years from today and will increase the dividend by 4% per year thereafter. If the required rate of return on this stock is 12%, what is the current share price? (2 points)