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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, investers expect Computeci 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, investers expect Computeci to begin plyying dividends, beginning with a dividend of 50.75 coming 3 years from today The didend should grow rapidly - ot a rate of 23% per year - during Years 4 sad 5 , but after Year 5, growth should be a constant 4% per year. If the required return on Computech is 1295 , what is the value af the stock today? Do not round intermediate calculations. Round your answer to the nearest cent, 5

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