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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, investors 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, investors expect Computech to begin paying dividends, beginning with a dividend of 51.00 coming 3 years from today, The dividend should grow rapldiy-at a rate of 26% per vear-during Years 4 and 5 , but after Year 5 , growth should be a constant 4% per year if the required return on Computech is 14%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent. s

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