Question: Can anyone help me with this problem, please? Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does

Can anyone help me with this problem, please?

Can anyone help me with this problem, please? Computech Corporation is expanding

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 $1.00 coming 3 years from today. The dividend should grow rapidly - at a rate of 28% per year - during Years 4 and 5; but after Year 5, growth should be a constant 10% 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. $

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