Metallica Bearings, Inc., is a young start$-$up company. No dividends will be paid on the

stock over the next $7$ years because the firm needs to plow back its earnings to fuel

growth. The company will then pay a dividend of $$15\mathrm{.}50$ per share $8$ years from

today and will increase the dividend by $6$ percent per year thereafter. The required

return on the stock is $14$ percent.

What is the price of the stock $7$ years from today? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Price in $7$ years

What is the current share price? $($Do not round intermediate calculations and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$