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 $0.75 coming 3 years from today. The dividend should grow rapidly at a rate of 29% per year during Years 4 and 5; but after Year 5, growth should be a constant 5% 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 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. Check My Work Reset Problem Nonconstant growth Year 3 Dividend, D. $0.75 Supernormal growth rate, 29.00% Normal growth rate. g 5.00% Required return, f. 14.00% Dividends Cash flows to common stockholders PV of cash Bows to common stockholders Stock Price, P Alteratively, using Excel NPV function: Stock Price, P 5 Dividends P Formulas 5 Cash thows to common stockholders PV of cash flows to common stockholders Stock Price, P Alteratively, uning Excel NPV function: Stock Price, P H 29.00% 29.00% 5.00% 0 2 0 0 $0.75 0 29.00% 29.00% 2. 0 0 $0.7500 INA ONA 0 0 NA NA NA 583 ENIA 5.00% 6 NA