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7. Problem 9.11 (Nonconstant Growth) book Problem Walk Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings: hence, it

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7. Problem 9.11 (Nonconstant Growth) book Problem Walk Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings: hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.25 coming 3 years from today. The dividend should grow rapidly-at a rate of 21% per year during Years 4 and 5 but after years, growth should be a constant per year. If the required return on Computech is 16%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cont

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