$4$

$.$

$$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 $

$0$

$.$

$5$

$0$

$$coming

$3$

$$years from today. The dividend should grow rapidly

$$

at a rate of

$3$

$5$

$\%$

$$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

$1$

$3$

$\%$

$,$

$$what is the value of the stock t Describe the step by step using a fin calc. not just the answers and include Time Lines