Hi, please teach me how to solve this problem step by step with the formula. Please be as understandable as possible, since I'm new to this. Thank you!

ed Question 3 0 / 1 pts Metallica Bearings, Inc. Is a young start-up company. No dividends will be paid on the stock over the next 9 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $15.75 per share in 10 years and will increase its dividends by 4.8 percent per year thereafter. If the required return on this stock is 12 percent, what is the current stock price? $218.75 $78.71 $229.25 $157.50 wer $78.88