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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

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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 $1.25 coming 3 years from today. The dividend should grow rapidly at a rate or 20% per year during years 4 and 5; but after Year 5, growth should be a constant 5% per year. The data has been collected in the Microsoft Excel Online nie below. Open the spreadsheet and perform the required analysis to answer the question below. d your answer to the nearest cent. Do not round your intermediate If the required return on Computech is 16%, what is the value of the stock today? Roun Check My Work Reset Problem Next Back

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