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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
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 $ coming years from today. The dividend should grow rapidly at a rate of per year during Years and but after Year growth should be a constant per year. If the required return on Computech is what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent.
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