Assume Gillette Corporation will pay an annual dividend of 50 65 one year from now. Analysts expect this dividend to grow at 11.3% per year thereafter unt the 5th year. Thereafter, growth will level off at 18% 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 $ (Round to the nearest cent)