Computech Corporation is expanding rapidly 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 $

$1$

$.$

$7$

$5$

$$coming

$3$

$$years from today. The dividend should grow rapidly

$$

at a rate of

$5$

$0$

$\%$

$$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

$1$

$4$

$\%$

$,$

$$what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent.