Assume Gillette Corporation will pay an annual dividend of $$0\mathrm{.}64$ one year from now. Analysts expect this dividend to grow at $12\mathrm{.}7\%$ per year thereafter until the fifth year. Thereafter, growth will level off at $2\mathrm{.}3\%$ per year. According to the DDM$,$ what is the value of a share of Gillette stock if the firm's equity cost of capital is $8\mathrm{.}5\%?$

The value of Gillette's stock is $ $($Round to the nearest cent.$)$