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to Assignment Attempts Keep the Highest/1 6. Problem 9.14 (Nonconstant Growth) Computech Corporation is expanding rapidly and currently needs to retain all of its earnings;
to Assignment Attempts Keep the Highest/1 6. Problem 9.14 (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 bepin paying divdends. beginning with a dividend of $1.00 coming 3 years from today. The dividend should grow rapidly-at a rate of 40% per year-during Years 4 and 5 , but after Year 5 , growth should be a constant, 7% per year, If the required return on Computech is 17%, what is the value of the stock today? Do not round intermediate cakulations. Round your answer to the nearest cent
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