Assume Gillette Corporation will pay an annual dividend of $ 0.67$0.67 one year from now. Analysts expect this dividend to grow at 12.5 %12.5% per year thereafter until the 44th year. Thereafter, growth will level off at 1.7 %1.7% 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 8.2 %8.2%?