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Computech Corporation is expanding rapidly and currently needs to retain all of its earnings: hence, it does not pay dividendes. However, investors expect 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 dividendes. However, investors expect computech to begin paying dividends, beginning with a dividend of 1.00 coming 3 years from today. The dividend should grow rapidly at a rate of 31% per year during Years 4 and S, but after Year 5 growth should be a constant 10% per year. If the required return on Computech is 10%, what is the value of the stock today? Do not round Intermediate calculations, Round your answer to the nearest cent $

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