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Computech Corporation is expanding rapidly and currently needs to retiin all of iss carnings; hence, it does not par dividends. Howevec, imvestors expoct Computech to

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Computech Corporation is expanding rapidly and currently needs to retiin all of iss carnings; hence, it does not par dividends. Howevec, imvestors expoct Computech to begin payirg growh ahoula be a constant zh per veac. If the required retum on Computech is 12%, nhit is the valoe of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent. 4

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