Question 8 of 8 -/1 E View Policies Current Attempt in Progress BRAMBLE Ltd. had earnings per share of 55 as of December 31, 2022, but paid no dividends. Earnings were expected to grow at 16 percent per year for the following five years. BRAMBLE Ltd. will start paying dividends for the first time on December 31, 2027. distributing 50 percent of its earnings to shareholders. Earnings growth will be 6 percent per year for the next six years (that is from January 1, 2028. through to December 31, 2033). Starting on December 31, 2033, BRAMBLE Ltd will begin to pay out 80 percent of Its earnings in dividends and earnings growth will stabilize at 2 percent per year in perpetuity.The required rate of return on BRAMBLE stock is 10 percent. What should be the current share brice of BRAMBLE? (Round intermediate calculations to decimal places, es 15.612125 and the final answer to 2 decimal places, es 15.61.) Current share price of BRAMBLE Attempts: 0 of 3 used Submit Anne Save for Later Using multiple attempts will impact your score 25% score reduction after attempt 1