Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 10 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $9 per share dividend in 11 years and will increase the dividend by 3 percent per year thereafter. Required: If the required return on this stock is 11 percent, what is the current share price? (Do not round your intermediate calculations.)