Microtech corporation is expanding rapidly and currently needs to retain all of its earnings, hence it does not pay dividends. however, investors expects microtech to begin paying dividends, beginning with a dividend of $1.00 coming 3 years from today. the dividend should grow rapidly-at a rate of 50 percent per year-during years 4 and 5, but after year 5 growth should be constant 8 percent per year. if the required return on microtech is 15 percent, what is the value of the stock today?