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Please round to the nearest cent and don't round intermediate calculations. Thank you. Attempts: Do No Harm: 21. Problem 9.14 (Nonconstant Growth) eBook Problem Walk-Through

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Please round to the nearest cent and don't round intermediate calculations. Thank you.

Attempts: Do No Harm: 21. Problem 9.14 (Nonconstant Growth) eBook Problem Walk-Through Computech Corporation is 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 $1.25 coming 3 years from today. The dividend should grow rapidly at a rate of 22% per year dunng Years 4 and 5; but after Year 5 growth should be a constant g per year if the required eturn on Computech is 15%, what is the value of the stock tod ay? Do not round intermediate calculations. Round your answer to the nearest cent. Grade It Now Save & Continue Continue without saving 842 PM O Type here to search 0/29/20

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