Colgate-Palmolive Company has just paid an annual dividend of \($1.50.\) Analysts are predicting dividends to grow by \($0.12\) per year over the next five years. After then, Colgate’s earnings are expected to grow 4% per year, and its dividend payout rate will remain constant. If Colgate’s equity cost of capital is 6.5% per year, what price does the dividend-discount model predict Colgate stock should sell for today?