Assume Gillette Corporation will pay an annual dividend of $0.61 one year from now. Analysts expect this dividend to grow at 12.3% por year thereafter until the 4th year. Therefter growth wil level off at 15% per year. According to the dividend discount model, what is the value of a share of Gillette stock if the firm's equity cost of capitalis 85%? The value of Glotto's stock is $ (Round to the nearest cont.)