Activity: Nonconstant growth X Video 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 dividends. 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 5% 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. Open spreadsheet If the required return on Computech is 18%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations. $ Check My Work Reset Problem Al 10 Insert Delete Format Clear - Sort Find Filter Select Puste BIUD $. % 8# Conditional Format Cell Fomas Table Styles Tables Calls Number Undo Font Alignment G H D 1 Nonconstant growth 4 Year 3 Dividend, D, Supernommal growth rate, Normal growth rate. Reedetur, $1.50 42.00% 5.00% 18.00% 42.00% 42.00% 5.00% 0 1 0 2 0 3 $1.50 9 Dividends 10 PS 11 Cash fows to common stockholders D 13 PV of cash flows to common stockholders 14 Stock Price, P 15 16 Aleively, using Excel NPV function 17 Stock Prion, P. 20 Formulas 42.00% 42.00% 22 Divide 24P 25 Cashows to common stockholders 0 2 0 $1.5000 5.00% 6 WNA ENIA SNIA VNA ONA WNA NA Sheet Het improve Once w