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LO cBook Problem Walk Through Computech Corporations expanding rapidly and currently needs to retain all of its earnings hence, it does not pay dividends. However,

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LO cBook Problem Walk Through Computech Corporations 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 156 coming years from today the dividend should grow rapidly rate of 15% per year during Years 4 and 5, but after year 5 growth should be a constant 10% per year. If the required turton Computech is 12, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent

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