Assume Gillette Corporation will pay an annual dividend of $ 0.64 one year from now. Analysts expect this dividend to grow at 11.5 % per year thereafter until the 55th year. Thereafter, growth will level off at 1.8 % 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 8.9 %?