Search this Thapter 8 - Stock Valuation Homework Back to Assignment Attempts: 0 Keep the Highest: 0/10 2. Problem 8-63 (Constant Growth Valuation) ebook Constant Growth Valuation Weite Manufacturing's stock currently sells for $18 a share. The stock just paid a dividend of 52.20 a share.c, Do - $2,20), and the dividend is expected to grow forever at a constant rate of a year. What stock price is expected 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the estimated required rate of retum on Waide's stock? Do not round intermediate calculations. Round the answer to two decimal places. Assume the market is in equilibrium with the retired retur egual to the expected return) Grade k Now Save & Continue Continue without saving 3 96 5 6 7 8 9 0 E R T Y U 1 O D F G . J L O U Y w R E T G F H J K L D V X V M. B N k Command Q Search this course line Activity: Nonconstant growth Video Excel Online Structured Activity: Nonconstant growth 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 $1.75 coming 3 years from today. The dividend should grow rapidy - at a rate of 17 per year during Years 4 and 5, but after Year 5.growth should be a constant per year. The data has been collected in the Microsoft Excel Online fie below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet If the required return on Computech is 15, what is the value of the stock today? Round your answer to the nearest cont. Do not round your intermediate calculations 5 Io 7 8 9 O E R Y T L H F D V B N M