Assignment: Module 4 Homework 17 of 20 > Questions 15. 16. Problem 9.14 Check My Work (3 remaining) Click here to read the eBook: Valuing Nonconstant Growth Stocks Problem Walk-Through NONCONSTANT GROWTH Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay years from today. The dividend should grow rapidly-at a rate of 37% per year-during Years 4 and 5; but after Year 5, lividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.75 coming:3 growth should be a constant 8% per year. If the required return on Computech is 13%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations. Check My Work (s remaining) Oe Icon Key Question 17 of 20