Question: 8. Problem 9,14 (Nonconstant Growth) Tips Tips DU amani Problem Walkthrough Computech Corporation is expanding rapidly and currently needs to retain all of its caminos
8. Problem 9,14 (Nonconstant Growth) Tips Tips DU amani Problem Walkthrough Computech Corporation is expanding rapidly and currently needs to retain all of its caminos 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 49% per year. Buning Years 4 and 5. but after Year 5. growth should be a constant per year. If the required return on Computech is 10%, what is the value of the stock today! Do not round intermediate calculations. Round your answer to the nearest cent. ols
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