Assume Gillette Corporation will pay an annual dividend of $0.65 one year from now. Analysts expect this dridend to grow at 11.1% per year thereafer until the fih year. Thereafter, growth will level off at 1.8% por year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost oi capital is 7.5%? The value of Gillette's stock is S (Round to the nearest cent)