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Given the following information please complete the spreadsheet using formulas. ...

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Finance

Given the following information please complete the spreadsheet using formulas. image
image
C D E F G H I Nonconstant growth $125 29.00% 1 4 5 6 Year 3 Dividend, D, Supermal growth rate. Normal growth rate, Required retum, 500 17. 2000 $125 9 Dividends 10 PS 11 Cash fows to common stockholders 13 PV of cash flows to common stockholders 14 Stock Price, P. 16 17 Aterratively, using Excel NPV tunction Stock Price, P. 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 29% per year - during Years 4 and 5; but after Year 5, growth should be a constant 5% 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. x Open spreadsheet If the required return on Computech is 17%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your intermediate calculations

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