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eBook Problem Walk Through Computech Corporation is expanding rapidly and currently needs to retain all of its earings: hence, it does not pay dividends. However,

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eBook Problem Walk Through Computech Corporation is expanding rapidly and currently needs to retain all of its earings: hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.50 coming years from today. The dividend should grow rapidly - at a rate of 23% per year during Years 4 and 5, but after Year 5. growth should be a constant 4% per year. If the required return on Computech is 18%, what is the value of the stock today? Do not found intermediate calculations, Round your answer to the nearest cent $

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