will rate

eBook Problem Walk-Through 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 $0.75 coming 3 years from today. The dividend should grow rapidly at a rate of 20% 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 154, What in the value of the stock today? Do not round intermediate calculations, Round your answer to the nearest cent $