Question: Question 11 (4 points) TP Inc. is a young start-up company. No dividends will be paid on the stock over the next 4 years, because

Question 11 (4 points) TP Inc. is a young start-up company. No dividends will be paid on the stock over the next 4 years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $10 per share dividend at the end of year 5 and thereafter it will increase the dividends by 3% per year forever. If the required rate of return on this stock is 12%, what is the current (today's) share price? Do not use the sign. Use commas to separate thousands DO NOT USE decimals. Round to the nearest DOLLAR. For example if you obtain $1,432.728 then enter 1,433 or if you obtain $1.120.1321 then enter 1,120

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