Question: P8-15 Nonconstant Growth [LO1] Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 7 years

P8-15 Nonconstant Growth [LO1] Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $7 per share 8 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 13 percent, what is the current share price

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