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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, investon expect Computech to

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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, investon expect Computech to begin paving dividends, beginning wath a dividend of $2.00 coming 3 years from today. The dividend should grow rapidiy . at a rate of 41% per year - dueting Vears 4 and 5 , but after Yoar 5 , growth should be a constant 4W per year. If the required return on Compuech is 12W, what is the value of the stock today? 00 not round intermediate caiculations. Round your answer to the nearest cent

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