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Metallica Bearings, Inc., is a young start - up company. No dividends will be paid on the stock over the next 1 4 years because

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 14 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $9 per share 15 years from today and will increase the dividend by 7 percent per year thereafter. if the required return on this stock is 10 percent, what is the current share price?
$79.00
$75.05
$82.95
$71.82
$81.37

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