Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next four years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $12 per share 5 years from todayand will increase the dividend by 5 percent per year thereafter. Required: If the required return on this stock is 12percent, what is the current share price?