Back to Assignment Attempts Average / 1 14. 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 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 38% per year during Years 4 and 5, but after Year 5, growth should be a constant 4% per year. If the required return on Computech is 15%, what is the value of the stock today? Do not round Intermediate calculations, Round your answer to the nearest cent. $