Assume Gillette Corporation will pay an annual dividend of 50 69 one year from now. Analysts expect this dividend to grow at 11.3% per year thereafter until the 5th year. Thereafter growth will level off at 17% per year. According to the dividend discount model what is the value of a share of Galette stock if the firm's equity cost of capital is 89% The value of Glette's stock (Round to the nearest cont.)