Colgate$-$Palmolive Company has just paid an annual dividend of $$1\mathrm{.}69.$ Analysts are predicting dividends to grow by $$0\mathrm{.}13$ per year over

the next five years. After then, Colgate's earnings are expected to grow $6\mathrm{.}4\%$ per year, and its dividend payout rate will remain constant.

If Colgate's equity cost of capital is $7\mathrm{.}7\%$ per year, what price does the dividend$-$discount model predict Colgate stock should sell for today?

The price per share is $$.($Round to two decimal places.$)$