Assume Gillette Corporation will pay an annual dividend of $0.68 one year from now. Analysts expect this dividend to grow at 117% per year thereafter until the 6th year. Thereafter, growth will level off at 2.3% per year. According to the di dend-discount model what s the value of a share of Gilette stock if the firm's equity cost of capital is 8.9%? The value of Gillette's stock is S.(Round to the nearest cent.)