LO 1 15. Nonconstant Growth Metallica Bearings, Inc., is a young start-up company, No dividends will be paid on the stock over the next 9 years because the firm needs to plow back its earnings to fuel growth. The company will then paya dividend of $23 per share 10 years from today and will increase the dividend by 5 percent per year thereafter. If the required return on this stock is 12 percent