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Metallica Bearings, Incorporated, is a young startup company. No dividends will be paid on the stock over the next 7 years because the firm needs

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Metallica Bearings, Incorporated, is a young startup company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its eamings to fuel growth. The company will then pay a dividend of $14.25 per share 8 years from today and will increase the dividend by 6 percent per year, thereafter. The required return on the stock is 14 percent. What is the price of the stock 7 years from today? Note: Do not round intermediate calculations and round your answer to 2 decimal ploces, e.g., 32.16. What is the current share price? Note: Do not round intermediate calculations and round your answer to 2 decimol places, e.9. 32.16

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