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Book Problem Walk-Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings hervce, it does not pay dividends. However, investors

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Book Problem Walk-Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings hervce, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.00 coming years from today. The dividend should grow rapidly at a rate of 6% per year during Years 4 and 5, but after years, growth should be a constante per year. If the required return on Computech is 15%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest Grade It Now Save. Continue Continue without saving

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