Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence it does not pay dividends. However, investors expect Micortech 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% per year-during years 4 and 5, but after year 5 growth should be a constant 8% per year. If the required return on Microtech is 15%, what is the value of the stock today