Ch 09 End-of-Chapter Problems - Stocks and Their Valuation 0 X Back to Assignment Attempts 0 Keep the Highest 0/1 6. Problem 9.14 A-Z Click here to read the eBook: 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 Computach to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from today. The dividend should grow rapidy-at a rate of 35% per year-during Years 4 and S, but after Year 5. growth should be a constant per year. If the required return on Computech is 17%, 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 savint