Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 3 years, because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $14.25 per share at the fourth-year-end and then increase the dividend by 6 percent per year thereafter. The required return on the stock is 14 percent.

Requirement 1:

What is the stock price now?

Current stock price $

Requirement 2:

What are the stock price at the end of following five years?

Year	Price
Year 1
Year 2
Year 3
Year 4
Year 5