Metallica Bearings, Inc., is a young start-up 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 pay a $11 per share dividend in 12 years and will increase the dividend by 7 percent per year thereafter. Required: If the required return on this stock is 14 percent, what is the current share price? (Do not round your intermediate calculations.) rev: 09_18_2012 $38.30 $39.04 $37.18 $35.32 $32.62