Attempts: 0 Keep the Highest: 0/1 6. Problem 9.14 Click here to read the book: Valuing Nonconstant Growth Stocks Problem Walk-Through 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 $0.50 coming 3 years from today. The dividend should grow rapidly at a rate of 38% per year during Years 4 and 5; but after year 5. growth should be a constant 9% per year. If the required return on Computech is 13%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations. Grade it Now Save & Continue Continue without saving