Assume Giletle Comorabon will pay an annual dividend of $0.64 one year trom now. Analysts axpect this dividend to grow at 12.6% per year thereafter unte the 4 th year. Thereafter, growth will ievel of at 22% per year. Acoording to the dhidend-discount model, what is the value of a shwe of Gilette stock if the firm's equity cost of capital is 7.75 ? The value of citetien stock is 1 (Round to the nearest cont.)