Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $7.63 per share dividend in 8 years and will increase the dividend by 0.06 per year thereafter. If the required return on this stock is 0.08, what is the current share price?