Assume Gilete Corporation wil pay an annual dividend of 50.65 one yoar from now. Analysts expect this dividend to grow at 12.0% per year thereater until the 5 th year. Thoreafter, groeth will level of at 2.0 ke per year. Accorging to the dividend-discount model. What is the value of a share of Giletele stock is the firm's equity cost of capital is 8.0% ? The vaive of Glette's stock is 1 (fround to the neareat cent.)