Metallica Bearings, Incorporated, is a young because the firm needs to plow back its earnings on the stock over the next nine years, because a dividend of $$12$ per share in $10$ years and to fuel growth. The company will pay per year thereafter. If the required return on this increase the dividend by $4$ percent perrent share price? $($Do not round intermediate stock is $13$ percent, what is the cur to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

calculations and round your an

Answer is complete but not entirely correct.

Current share price

$

$57\mathrm{.}76$