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

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Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next eight years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $12.70 per share dividend in year 9 and will increase the dividend by 6.00 percent per year thereafter. Required: If the required return on this stock is 12.00 percent, what is the current share price? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.) O $76.33 O $85.49 O $76.94 O $211.67 O $94.04

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