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Computech Corporation is expanding ropidly and currenty needs to retain all of its parnings; hence, it dees oot pay dividends. Howevec, investors expect Coenputech to

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Computech Corporation is expanding ropidly and currenty needs to retain all of its parnings; hence, it dees oot pay dividends. Howevec, investors expect Coenputech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from today. The eividend should grow rapidly-at a rate of 42% per year-during Years 4 and 5 , but after Year 5 , growth should be a constant 10\% per year. If the required return on Computech is 14\%, what is the value of the stock todav? Do net mund intermediate calculations. Round your anewer to the nearest cent

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