Assume Gillette Corporation will pay an annual didend of S0.67 one year from now. Analysts expect this dividend to grow at 1 1.1% per year thereafter until the 6th year. Thereafter, growth wil level off at 2.1% per year. According to the dividend discount model, what is the value of a share of Gaette stock the fim's equity cost of capital is 81%? The value of Gilette's stock is $ 1608 (Round to the nearest cent)