Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 8 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $7 per share dividend in 9 years and will increase the dividend by 7 percent per year thereafter. If the required return on this stock is 13 percent, what is the current share price? (Do not round your intermediate calculations.)