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Computer Corporation and med to retail of towning the dividend Howevementos Come to bring dividende bronning with a video 51 5o coming years from today

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Computer Corporation and med to retail of towning the dividend Howevementos Come to bring dividende bronning with a video 51 5o coming years from today The dividend who grow rapidly at a rate of 47% per year during years, but we should be a constant per you the required return on Com 15 What's the the stock to videon Round your store Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from today. The dividend should grow rapidly - at a rate of 47% per year - during Years 4 and 5, but after Year 5, growth should be a constant 8% per year. If the required return on Computech is 15%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent

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