Assume Colgate-Palmolive Company has just paid an annual dividend of $0.92. Analysts are predicting an 10.8% per year growth rate in earnings over the next five years. After that, Colgate's earnings are expected to grow at the current industry average of 5.4% per year. If Colgate's equity cost of capital is 9.3% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Colgate stock should sell?