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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
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 pay dividends beginning with a dividend of $ coming years from today. The dividends should go rapidly at a rale of per year during Years and but after year growth should be at a constant per year. If the required return on Computech is what is the value of the stock today? Do not round intermediate calculations. Round to the nearest cent.
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