Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $12.50 per share dividend in year 10 and will increase the dividend by 5.00 percent per year thereafter.

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $12.50 per share dividend in year 10 and will increase the dividend by 5.00 percent per year thereafter. Required If the required return on this stock is 13.00 percent, what is the current share price? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.) $46.81 O $52.01 O $57.21 O $156.25 O $46.03