Question: 6 Video A-Z Excel Online Structured Activity: Nonconstant growth Computech Corporation is expanding rapidly and currently needs to retain all of its earnings: hence, it

 6 Video A-Z Excel Online Structured Activity: Nonconstant growth Computech Corporation
is expanding rapidly and currently needs to retain all of its earnings:

6 Video A-Z 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 dividendes. However, Investors expect Computech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from today. The dividend should grow rapidly - at a rate of 42% per year - during Years 4 and 5; but after Year 5, growth should be a constant 0% 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. HH Open spreadsheet of the required return on Computech is 14%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations Reset Problem Check My Work Next 11:56 AM 2/1/2021 incoming Nonco growth 2005 Yerid, Smarowth rate: Namawth Recom 1400 OP Cashowtec stockholders 1 PV a cash flows to come stockholders 14 Stock PP the Excel Ponce ProP 22.01

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