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Metallica Bearings, Incorporated, is a young start - up company. No dividends will be paid on the stock over the next 1 3 years because

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 $14 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 13 percent, what is the current share price?
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