Nonconstant Growth Stock Valuation Sumpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earungs. Howeve, vestors dividends, with the first dividend of $1.25 coming 3 years from today. The dividend should growdy-statute of 70% per and the company should grow at a constant rate of 9 per year. If the required return on the stock is 19, what is the value of the stock today the with the required return equal to the expected return? Do not round intermediate calculations. Round your are there 5