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Computech Corporation is expending rapidy and currently needs to retain all of its earnings; hence, it does not pay devidends. Howevec, investors expect Computech to

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Computech Corporation is expending rapidy and currently needs to retain all of its earnings; hence, it does not pay devidends. Howevec, investors expect Computech to begin paring dividench, beginning with a dividend of 50.50 coming 3 years from today. The dividend should grow rapidiy - at a rate of 20% per year - during Years 4 and 5, but after Year 5 , growth whould be a canstant 9% per year. If the reauired retum on Computech is 16%, hhat is the value of the stock todayl Do not round intermediate calculations. Round your anwer to the nearest cent

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