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Computech Corporation is expanding rapidly and currently needs to retain all of its eamings; hence, it does not pay idividends, However, investors exgect Computech to

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Computech Corporation is expanding rapidly and currently needs to retain all of its eamings; hence, it does not pay idividends, However, investors exgect Computech to begin paying dividends, beginning with a dividend of $1.75 coming 3 years from today. The dividend should grow rapidly - at a rate of 46% per year - dunng Years 4 and 5 ; but after Year 5 , growth should be a constant 5% per year. The data has been collected in the Microsoft Excel Online hile below, Open the spreadshect and perform the required analysis to answer the question below. Open spreadsheet If the requited return on Computed is 16%, what is the yalue of the stock today? Round your answer to the nearest cent. Do not tound your intermedate calcitations. Nonconstant growth

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