Assume Gillette Corporation will pay an annual dividend of 50.65 one year from now. Analysts expect this dividend to grow at 11.2% per year thereafter until the 6th year. Thereafter, growth will level off at 24% per year. According to the dividend-discount model, what is the value of a share of Gilette stock if the firm's equity cost of capital is 8.792 The value of Gillette's stock is $ (Round to the nearest cent)