Question: 8. Problem 9.14 (Nonconstant Growth) eBook Problem Walk Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings hence, it

 8. Problem 9.14 (Nonconstant Growth) eBook Problem Walk Through Computech Corporation

8. Problem 9.14 (Nonconstant Growth) eBook Problem Walk Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings hence, it does not say dividends. However, investors expect Computech to begin paving dividends, beginning with a dividend of $1.75 coming years from today. The dividend should grow rapidly at a rate of 35% per year during years and S, but after years, growth should be a constant 10% per year I the required return on Computech is 10%, what the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent $

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