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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, inspectomoto begin pavino dividends,

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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, inspectomoto begin pavino dividends, beginning with a dividend of $0.50 coming years from today. The dividend should grow rapidly-state of 20 per year during years and 5, but after years, growth should be a constant 8% per year. If the required return on Computech is 12%, nhat is the value of the took today? Do not mund intermediate calculations. Round your answer to the nearest cent

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