Assume Gilette Corporation will pay an annual dividend of $0.65 cne year from now. Analyats expect this dividend to grow at 11.5% per year thereafter unsi the 4th year. Theraiffer, growhi wi ievel of at 2.5% per yeat. According to the dividend-discount model, what is the value of a share of Giletle stock if the from's equity cost of cageal is of 3 ? ? The value of Gilente's stock is } (Hound to the nearest cent)