Assume Gillette Corporation will pay an annual dividend of $\backslash (\backslash$$ $0\mathrm{.}68\backslash )$ one year from now. Analysts expect this dividend to grow at $\backslash (11\mathrm{.}7\backslash \%\backslash )$ per year thereafter until the $4$ th year. Thereafter, growth will level off at $\backslash (1\mathrm{.}9\backslash \%\backslash )$ per year. According to the dividend$-$discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is $\backslash (7\mathrm{.}1\backslash \%\backslash )?$ The value of Gillette's stock is $\backslash (\backslash$$ $\backslash )($Round to the nearest cent.$)$