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Computech Carporation is expanding rapidly and currently needs to retwin all of its earnings; hence, it does not pay dividends. Howevec, investors expect Computech to

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Computech Carporation is expanding rapidly and currently needs to retwin all of its earnings; hence, it does not pay dividends. Howevec, investors expect Computech to begin paying dividends, beginn 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 Year 5 , growth should be a constant 5% per vear, If the return en Computech is 12%, what is the value of the stock today? Do not round intermediate caiculations. Pound your answer to the nearest cent. Computech Carporation is expanding rapidly and currently needs to retwin all of its earnings; hence, it does not pay dividends. Howevec, investors expect Computech to begin paying dividends, beginn 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 Year 5 , growth should be a constant 5% per vear, If the return en Computech is 12%, what is the value of the stock today? Do not round intermediate caiculations. Pound your answer to the nearest cent

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