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\mathrm{.}00$ coming $3$ years from today. The dividend should grow rapidly$-$at a rate of $24\%$ per year$-$during Years $4$ and $5,$ but after Year $5,$ growth should be a constant $5\%$ per year. If the required return on Computech is $18\%,$

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

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