Metallica Bearings, Incorporated, 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 dividend of $$10$ per share $9$ years from today and will increase the dividend by $6$ percent per year thereafter.

If the required return on this stock is $11$ percent, what is the current share price?