$4.$ Colgate$-$Palmolive Company has just paid an annual dividend of $$1\mathrm{.}76.$ Analysts are predicting dividends to grow by $$0\mathrm{.}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 $6\mathrm{.}5\%$ per year, what price does the dividend$-$discount model predict Colgate stock should sell for today?