Metallica Bearings, Inc. is a young start$-$up company. No dividends will be paid on the stock over the next five years, because the firm needs to plow back its earnings $($i$.$e$.,$ not to pay out dividends$)$ to fuel growth. The company will then pay a $$6$ per share annual dividend at the end of the $5$th year and will increase the dividend by $5$ percent per year, thereafter. If the required return on this stock is $23$ percent, what is the current share price?

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a

$$14\mathrm{.}56$

b

$$33\mathrm{.}33$

c

$$63\mathrm{.}97$

d

$$92\mathrm{.}31$