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Computech Corporation is expanding rapidly and currenty needs to retain all of is earnings; heqce, it does not pay ovidends. However, investors expect Computech to

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Computech Corporation is expanding rapidly and currenty needs to retain all of is earnings; heqce, it does not pay ovidends. However, investors expect Computech to begin paying. dividends, begihning with a ovidend of $1.50 coming 3 years frem todsy. The dividend should grow rapldy -at a rate of 42% per year-during Years 4 and 5, but afoer Year 5, growth should be a constant 4W per year. If the required return on Computech is 12%, whst is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent

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