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Computech Corporation is expanding rapidiy and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to

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Computech Corporation is expanding rapidiy and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from today. The dividend should grow rapidy-at a rate of 45 ow per year-during Years 4 and 5 , but aher Year 5. gromth should be a constant 4% per yeac } the required return on Computech is 13%, what is the value of the stock tocay? Do not round interniediate calculations. Round your answer to the nearest cent

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