Microtech Corporation is expanding rapidly, and it currently needs to retain all of its earnings, hence it does not pay any dividends, with the first dividend of $1.00 coming 3 years from today. The dividend should grow rapidlyat a rate of 50 percent per yearduring Years 4 and 5. After Year 5, the company should grow at a constant rate of 5 percent per year. The discount rate during the high dividend growth rate period is 14 percent. The discount rate during the stable dividend growth rate period is 8 percent. What is the value of the stock today?