Excel Online Structured Activity: Nonconstant growth 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 $1.00 coming 3 years from today. The dividend should grow rapidly at a rate of 31% per year during Years 4 and 5; but after Year 5, growth should be a constant 6% per year. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. If the required return on Computech is 14%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate) calculations. C14 Nonconstant growth Year 3 Dividend, D, 4 Supermormal growth rate, g Nonnal growth rate, Dividends 10 P 11 Cash flows to common stockholders 12 13 IV of cash flows to common stockholders 14 Stock Price, P 15 f 16 Atematively, using Excel NPV function 17 Stock Price, P 18 19 20 21 22 23 Dividends 26 Formulas 24 P 25 Cash flows to common stockholders 27 28 Stock Price P 29 30 Alematively, using Excel NPV function 31 Stock Price P PV of cash bows to common stockholders B $1.00 31.00% 6.00% 14.00% NA ENA 0 SNOO D 0 0 $1.00 $1.0000 NA SNA 31.00% 31.00% NA NA SNA 31.00% 31,00% 5 SNA INIA SNIA SNA 0.00% 6.00% SNA