Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, Investors paying dividends, beginning with a dividend of $1.75 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 8% per year. If the required return on Computech is 13%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent. $

Computech Corporation is exponding rapidly and currently needs to retain all of its eamings; hence, it does not pay paying dividends, beginiting with a dividend of $1.75 coming 3 years from todav. The dividend should grow rapidily-at a rate of 21% per year-during Years 4 and 5 , but after Year 5 , growth should be a constant 8% per year. If the required return on. Computech is 13%, what is the value of the stock today? Do not round inbermediate calculations. Round your answer to the nearest cent. 4