computech Corporation is expanding rapidly and currently needs to retain all of its earnings hands it does not pay dividends however investors expect computech to begin paying dividends beginning with a dividend of $1.50 coming through years from today the dividend should grow rapidly at a rate of 28% per year during years 4 and 5 but after your 5 gross should be a constant 8% per year if the required return of computech is 16% what is the value of the stock today do not round intermediate calculations round your answer to the nearest cent

Module 6 Homework X