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Computech Corporation is expanding rapidly and currently needs to retain all of its earningshence, it does not pay dividendsHowever investors expect Computech to begin paying

Computech Corporation is expanding rapidly and currently needs to retain all of its earningshence, it does not pay dividendsHowever investors expect Computech to begin paying dividends, beginning with a dividend of $1.25 coming 3 years from today. The dividend should rapidly-at a rate of 41% per year during Years 4 and 5, but after Year 5, growth should be a constant 10% per yearIf the required return on Computech is 18%, what is the value of the stock today? Do not round intermediate calculationsRound your answer to the nearest cent

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