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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 paving dividends, beginning with a dividend of $1.75 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 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, X Open spreadsheet If the required return on Computech is 13%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations

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