Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now. Analysts expect this dividend to grow at 11.3% per year thereater until the 5 th year. Thereafter, growth will level off at 2.4% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equily cost of capital is 8.8% ? The value of Gilletto's stock is s (Round to the nearest cent.)