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Computech Corporation is expanding repldly and currently needs to retain all of its earnings; hence, it does not pay dividends, However, investors expect Computech to

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Computech Corporation is expanding repldly and currently needs to retain all of its earnings; hence, it does not pay dividends, However, investors expect Computech to begin payling dividends, beginning with a dividend of $1.50 coming 3 years from today. The dividend should grow rapidly - at a rate of 46% per year - during Year 4 and 5; but after Year 5, growth should be a constant 9% per year. Tha data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. If the required return on Cemputech is 17%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate caleulations

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