Clorox has just paid an annual dividend of $2.50. Analysts are predicting dividends to grow by $0.18 per year over the next five years. After then, Clorox earnings are expected to grow 6% per year, and its dividend payout rate will remain constant. If their equity cost of capital is 12% per year, what price does the dividend-discount model predict Clorox stock should sell for today?