Metallica Bearings, Inc., is a young start$-$up

company. No dividends will be paid on the stock over the next

eleven years, because the firm needs to plow back its earnings to

fuel growth. The company will then pay a dividend of $$12\mathrm{.}50$ per

share $12$ years from today$$and will increase the dividend by

$5\mathrm{.}50$ percent per year thereafter.If the required return on this stock is $13\mathrm{.}50$

percent,$$what is the current share price?

Metallica Bearings, Incorporated, is a young startup company. No dividends will be paid on the stock over the next $11$ years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $$15\mathrm{.}00$ per share $12$ years from today and will increase the dividend by $5\mathrm{.}5$ percent per year, thereafter. If the required return on this stock is $13\mathrm{.}5$ percent, what is the current share price?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$Current share price,$$,164\mathrm{.}84]]$