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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

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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 $14 per share 9 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? Multiple Choice $8777 $9216 $90.40 $7767 $83.38

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