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Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors 0 Computech to

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Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors 0 Computech to begin paying dividends, beginning with a dividend of $1.25 coming 3 years from today. The dividend should grow rapidly - at a rate 41% per year - during Years 4 and 5 , but after Year 5 , growth should be o constant 9% per year. If the required return on Computech is 13%, what the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent. 5 blem 9.14 (Nonconstant Growth) tech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect tech to begin paying dividends, beginning with a dividend of $1.25 coming 3 years from today. The dividend should grow -rapidly - at a rate of er year-during Years 4 and 5 , but after Year 5 , growth should be a constant 9% per year. If the required return on Computech is 13%, what is ue of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent

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