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 or $0.75 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 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. initi Open spreadsheet If the required return on Computech is 15%, 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 B D E G H 1 Tonconstant growth 2 3 fear 3 Dividend, D 4 Supemammal growth rate, 5 formal growth rate, 6 Required retum, 7 $0.75 32.00% 6.00% 15.00% 32.00% 6.00% 32.00% 5 0 11 0 2 0 9 Dividends S0.75 0 0 11 ash flows to common stockholders 12 13 % of cash flows to common stockholders 14 Block Price. Po 15 16 Wematively, using Excel NPV function: 17 Stock Price, PA 18 19 20 Formulas 21 22 22 Dividends 24 25 ash flows to common stockholders 26 27 of cash flows to common stockholders 28 Stock Price. Po 29 30 Wematively, using Excel NPV function: 31 Stock Price, PA 32.00% 0 1 0 2 0 0.00% 8 NA S0.7500 32.00% 5 ONA WNIA UNA LONA 0 0 UNA UNA ONIA KINIA UNA UNA UNA ONIA ANIA