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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

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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 $11 per share dividend in 9 years and will increase the dividend by 8 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.) O $67.48 O $61.06 $64.27 $56.38 O $66.20

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