Computech Corp. is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expects Computech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from today. The dividend should grow rapidly at a rate of 39% per year during years 4 and 5; but after year 5, growth should be constant 8% per year. If the required return on Computech is 14%, what is the value of stock today? Do not round intermidiate calculations. Round your answer to the nearest cent.