Question: Video Submit Excel Online Structured Activity: Nonconstant growth A-Z Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it

Video Submit Excel Online Structured Activity: Nonconstant growth A-Z Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, (] Office investors expect Computech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from today. The dividend should grow rapidly - at a rate of 50% per year - during Years 4 and 5; but after Year 5, growth should be a constant 6% per year. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. N X Open spreadsheet If the required return on Computech is 18%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations. $ Check My Work Reset Problem A+

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