Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Microtech to begin paying dividends, beginning with a dividend of $1.5 coming 3 years from today. The dividend should grow rapidly-at a rate of 50% per year during Years 4 and 5, but after Year 5 growth should be a constant 8% per year. If the required return on Microtech is 15%, what is the value of the stock today? $16.75 O$20.50 $25.89 O$29.84 None