H Video Excel Online Structured Activity: Nonconstant growth Computech Corporation is expanding rapidly and currently needs to retain all of its eamings; 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 21% per year - during Years 4 and 5; but after Year 5, growth should be a constant 4% 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 THAI 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 4 F D G H A Year 3 Dividend, D, Supomormal growth rate, Normal growth rate. Required retum, B $1.00 21.00% 4.00% 15.00% 21.00% 21.00% 4.00% 0 1 0 2 0 3 $1.00 3 Dividends 0 11 Cash flows to common stockholders 0 0 13 PV of cash flows to common stockholders 14 Stock Price. Po 15 16 Alternatively, using Excel NPV function 17 Stock Price, P 18 19 20 Formulas 21 22 23 Dividends 24 PS 25 Cash fows to common stockholders 21.00% 4.00% 0 2 0 21.00% 5 NA 0 $1.0000 SNIA NA NA 0 0 WNA WNIA Sheet1 obs Cells Eding A B D 21.00% 0 18 19 20 Formulas 21 22 23 Dividends 24 PS 25 Cash flows to common stockholders 26 27 PV of cash flows to common stockholder 28 Stock Prio, P 1 0 2 0 3 $1.0000 21.00% 5 LANTA INA WNIA 400% 6 WNA WNIA 0 0 NA NA UNA SNA UNA UNA WA NA 30 Atematively, using Excel NPV function: 31 Stock Prio, P. 32 NA 34 35 36