Corngutech Corporation is expanding rapidly and currently beods to retain all of its eamings; hence, it does not pay elividends. However, investars expect Computach to begin pering dividends, beginning with a dividend of 51.50 coming 3 years from today. The dividend should grow rapidiy-at a rate of 45% per yesr-durivg Years 4 and 5 , but after Year 5 . groweh should be a constant 4% per yeae. If the required retuin on Computech is 16%, what is the value of the stock today? Do not rourd intermediste calculatigns. Round vour answer to the nearest cent. 3