Metallica Bearings, Incorporated, is a young start$-$up company. No dividends will be paid on the stock over the next $13$ years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $$11$ per share $14$ years from today and will increase the dividend by $7$ percent per year thereafter.

If the required return on this stock is $14$ percent, what is the current share price?

Multiple Choice

$$30\mathrm{.}04$

$$29\mathrm{.}47$

$$27\mathrm{.}18$

$$28\mathrm{.}61$

$$25\mathrm{.}10$