Back to Assignment Attempts Keep the Highest 1 6. Problem 9.14 Click here to read the eBook: Voluing Nonconstant Growth Stoces Problem Walkthrough 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 $2.00 coming 3 years from today. The dividend should grow rapidly at a rate of 45% per year during Years 4 and 5; but after Year 5 growth should be a constant per year. If the required return on Computech is 14%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations