Assume Gillette Corporation will pay an annual dividend of $ $0\mathrm{.}61$ one year from now. Analysts expect this dividend to grow at $12\mathrm{.}7\%$ per year thereafter until the fifth year.$$ Thereafter, growth will level off at $1\mathrm{.}7\%$ per year. According to the$$ DDM$,$ what is the value of a share of Gillette stock if the$$ firm's equity cost of capital is $8\mathrm{.}8\%?$