Excel Online Structured Activity: Nonconstant growth

Computech Corporation is expanding rapidly aod 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 $23\%$ per year $-$ during Years $4$ and $5$; but after Year $5,$ growth should be a constant $9\%$ 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.

SOLVE WITHOUT THE ATTACHED SPREADSHEET

If the required return on Computech is $12\%,$ what is the value of the stock today? Round your answier to the nearest cent. Do not round your intermediate calculations. $5$