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Me.!lice Bearings, Inc., is a young riark. company. No dividends will be paid on the Nock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will then pay a divide. of $19.25 per share 8 years from today a. will increa. the divide. by e percent per year thereafMr. 
If the required return on this Nock is N percent, wh. is the current share price, (Do not round intermeOMte calculations and round your answer to 2 decimal places, e.g., 22.162