HomewC Homework 8-Ch8 Stock Valuation Problem 8-15 Nonconstant Growth [LO1) Metallica Bearings, Inc., 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 pay a dividend of $12 per share 10 years from today and will points 10increase the dividend by 4 percent per year thereafter. If the required return on this stock is 12 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) Current share price Print C Prev9 of 12Score answer > 28 FS 2 3