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 exist1.50 coming 3 years from today. The dividend should grow rapidly, at a rate of 27% per year during years 4 and 5: but after year 5, growth should be a constant 4% per year. If the required return on Computech is 16%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations.