Multiple choice

$62.01

$65.11

$58.90

$56.89

$63.87

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 4 percent per year thereafter. If the required return on this stock is 9 percent, what is the current share price