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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

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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 $1.50 coming 3 years from today. The dividend should grow rapidly at a rate of 32% 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 anatysis to answer the question below. Open spreadsheet If the required return on Computech is 17%, what is the value of the stock today? Round your lanswer to the nearest cent. Do not round your intermediate calculations

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