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 ye model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.6% ? The value of Gillette's stock is \$ (Round to the nearest cent.) Jend to grow at 11.8% per year thereafter until the 5 th year. Thereafter, growth will level off at 1.9% per year. According to the dividend-discount