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Non - Constant Growth ( LO 1 ) Foxtrap Bearings Inc. is a young start - up company No dividends will be paid on the

Non-Constant Growth (LO1) Foxtrap Bearings Inc. is a young start-up company No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growthThe company will pay a $12 per-share dividend in ten years and will increase the dividend by 5% per year thereafter. If the required return on this stock is 13.5%, what is the current share price?

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