2. Foxtrap Bearings Inc. is a young start-up company. No dividends will be paid on the stock over the next 5 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $12 per-share dividend at the end of sixth year and increase the dividend by 10% per year for the following 3 years followed by a constant rate of 3% thereafter. If the required return on this stock is 13.5%, what is the current share price? (10 marks)