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Computech Corporation is expanding rapidly and currently needs to retain all of its eamings; hence, it does not pay dividends. However, investors 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 pay dividends. However, investors expect Computech to begin pay dividends, beginning with a dividend of $0.75 coming 3 years from today. The dividend should grow rapidly-at a rate of 42% per year-during Years 4 and 5 , but after Year 5 , growth stiould be a constant 8% per yeac, If the required return on Computech is 13\%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent

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