Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 11 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $8 per share 12 years from today and will increase the dividend by 7 percent per year thereafter. If the required return on this stock is 12 percent, what is the current share price? Multiple Choice $48.30 $46.00 $41.07 $43.70 $47.38