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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

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