4.) Computech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence, it does not pay dividends. However, investors expect Computesh to begin paying dividends, beginning with a dividend of $0.50 coming 3 years from today. The dividend should grow rapidly-at a rate of 35% per year-during Years 4 and 5, but after Year 5, growth should be a constant 7% per year. If the required return on Computech is 13%, what is the value of the stock today? 3 3.) Holt Enterprises recently paid a dividend, of $2.20. It expects to have nonconstant growth of 15% for 2 years followed by a constant rate of 3.5% thereafter. The firm's required return is 10% 2. How far away is the horizon date? b. What is the firm's horizon, or continuing, value? C. What is the firm's intrinsic value today, Po