Assume Cooper Corporation will pay an annual dividend of $0.57 one year from now. Analysts expect this dividend to grow at 34.0% per year thereafter until the 5th year. Thereafter, growth will level off at 3.0% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 11.0%?

Answer: The value of Cooper's stock is $__________. (Round to the nearest cent.)