Computech Corporation is expanding rapidy and currently needs to retain all of its earnings; hence, it dees not pay dividends. However, investors expect Computnch to begin paying dividends, beginning with a dividend of 31.75 coming 3 years from today. The dividend should grow ropidly - at a rate of 23% per year - during Vears 4 and 5 , but aftar Vaar 5 , growth should be a constant 5% per year. If the required return on Computech is 16%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent