PLEASE SHOW ALL YOUR WORK AND FORMULAS USED. THANK YOU!

PLEASE SHOW ALL YOUR WORK AND FORMULAS USED. THANK YOU!

21. Metallica Bearings, Inc. is a young start-up company. No dividends will be paid on the stock over the next nine years, because the first needs to plow back its earnings to fuel growth. The company will pay a S7 per share dividend in 10 years and will increase the dividend by 6 percent per year, thereafter. If the required return on this stock is 14 percent, what is the current share price