Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 15 years, because the firm needs to plow back its earnings to fuel growth. The company plans to pay a $12.00 per share dividend in 16 years and will increase the dividend by 2.5 percent per year thereafter. What is the current share price if the required return on this stock is 12.0 percent? $19.89 $20.55 $18.49 $23.08 $21.75