4. Colgate-Palmolive Company has just paid an annual dividend of $1.50. Analysts are predicting dividends to grow by S0.12 per year over the next five years. After then, Colgate's earnings are expected to grow 6% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 8.5% per year, what price does the dividend-discount model predict Colgate stock should sell for today