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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 years from today. The dividend should grow rapidly at a rate of 28% per year during Years 4 and S; but after year 5. growth should be a constant 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 CRB Open spreadsheet If the required return on Computech is 13%, what is the value of the stock today? Round your answer to the nearest to not round your intermediate calculations

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