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Computech Corporation is expanding rapidly and currently needs to retain all of its eamings; hence, it does not poy dividends. However, livestors expect Computech to

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Computech Corporation is expanding rapidly and currently needs to retain all of its eamings; hence, it does not poy dividends. However, livestors expect Computech to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from foday. The dividend should grow rapidly-at a rate of 25% per vear-during Years 4 and 5 , but after Year 5 , growth should be a constant 7% per year. If the required return on Computech is 17%, what is the value of the stock today? Do not round intermediate caiculations. Round your onswer to the nearest cent. s

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