Computech Corporation is expanding rapidly and currently needs to retain all of its eamings; hence, it does not pay dividends. However, investors expect Computech to begin poying dividends, beginning with a dividend of $1.00 coming 3 years from todsy. The dividend should grow rapidly-at a rate of 25% per 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 12%, what is the value of the stock todny? Do not round intermediate calculations. Round your answer to the nearest cent