Assume Gillette Corporation will pay an annual dividend of $0.61 one year from now. Analysts expect this dividend to grow at 11.8% per year thereafter until the 6th year. Thereafter, growth will level off at 50% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the fem's equity cost of capital is 83% The value of Gillette's stock is (Round to the nearest the nearest cent.)