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Video Excel Online Structured Activity: Nonconstant growth Computech Corporation is expanding rapidly and currently needs to retain all of its rings, 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 rings, hence, it does not pay dividends. However, investors expect Computed to begin paying dividends, beginning with a dividend of $1.50 coming years from today. The dividend should grow rapidly - at a rate of 19 per year during Years 4 and 5, but after Year 5 growth should be a constant 6% per year. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below Open spreadsheet If the required return on Computech is 17%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations Check My Work Reset Problem A Nonconstant growth Yar 3 Dividend D. Semommal rowth rate 0. Nonnal growth ratet 6 Roquered retum 5150 10 00 0.000 17009 19.00 -10.00 000 1 2 0 3 5130 0 Dividers 10 P 11 cash flows to common stockholders 0 0 13 PV of cash flow to cron stockholders 14 Stock Price, P 15 16 Alternatively, using Excel NPV function 17 Stock Price, P. 38 19 Formulas 1 6.009 19 00 4 0 1 O 2 0 3 $15000 19.00% 5 NA NA NA 3 Dividends PS Cash flows to common stockholders TNIA 0 NA 0 ENA ENIA INI NA Pynt cash flow in common cachers +

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