Assume Gilette Corporation will pay an annual dividend of 50 62 one year from now. Analysts expect this dividend to grow at 11.9% per year thereafter until the fourth year Thereafter, growth will level off at 17% per year. According to the DDM, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.4% The value of Gillette's stock is s) (Round to the nearest cent)