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 5 percent per year thereafter. If the required return on this stock is 11 percent, what is the current share price? Multiple Choice $42.53 $48.63 $47.21 $49.57 $44.85