File Home Insert Draw Page Layout Formulas Data Review View Help Editing Arial 10 BO A... Currency $ C14 D G H 1 $1.26 19.00% 9.00% 13.00% 19.00% 19.00% 9.00% 0 2 0 $125 1 Nonconstant growth 2 3 Year 3 Dividend, D. 4 Supamormal growth rata, 5 Normal growth 6 Required retum 7 B 9 Dividends 10 PS 11 Cashflows to common stockholders 12 13 PV of cash fows to common stockholders 14 Stock PriceP 15 16 AlamivelyUsing Excel NPV function: 17 Stock ProP IH 19 20 Formulas 21 0 0 19.00% 1900% 9.00% 0 3 3220 NA WNIA SNIA NA NA WNA UNA 2.1 Dividende 24 P. 25 Cash flows to common stockholders 26 27. PV of cash flows to common stockholders 28 Stock Price 29 30 Antaly, using Excel NPV function 31 Stock Prior 32 WNIA SNA WNA INA NA NA SNA 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 $1.25 coming 3 years from today. The dividend should grow rapidly at a rate of 19% per year during Years 4 and 5, but after Year 5 growth should be a constant 9% per year. The data has been collected in the Microsoft Excel Online Mile below. Open the spreadsheet and perform the required analysis to answer the question below. II HH Benedet 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 $