Ques. 3 I-Tech computer networks is a fast-growing Communications Company. The company did not pay a dividend last year and is not expected to do so for the next two years. year the company's growth accelerated, and management expects to grow the business at a rate of 35 percent for the next five years before growth slows to a more sta rate of 7 percent for the next several years. In the third year, the company has fo a dividend payment of $1.10. Calculate the value of the company's stock at the rapid growth period (Gi.e, at the end of five years). The required rate of return f stocks is 17 percent. What is the current value of this stock? Last ble growth recasted end of its