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Computech Corporetion is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. Howeves, investors expoct Computech to

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Computech Corporetion is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. Howeves, investors expoct Computech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from today. The dividend should grow rapidy - at a rate of 43% 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 13%, what is the value of the stock todor? Do not round intermediate calculations. Round your answer to the nearest cent

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