Question: how can I solve this? ERSTE cBook 1 Problem Walk-Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence,

 how can I solve this? ERSTE cBook 1 Problem Walk-Through Computech

how can I solve this?

ERSTE cBook 1 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 $1.75 coming 3 years from today. The dividend should grow rapidly at a rate of 26% per year - during Years A and 5, but after Year 5, growth should be a constant 9% per year. If the required return on Computech is 18%, what is the value of the stock today? Do not round intermediate calculations, Round your answer to the nearest cent

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