Assume Gillette Corporation will pay an annual dividend of $0.66 one year from now Analysts expect this dividend to grow at 12.8% per year thereafter until the 4th 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 equity cost of capital is 8.3 %? The value of Gillette's stock is S (Round to the nearest cont.)