Colgate$-$Palmolive Company has just paid an annual dividend of $ $1\mathrm{.}52.$ Analysts are predicting dividends to grow by $ $0\mathrm{.}19$ per year over the next five years. After$$ then, Colgate's earnings are expected to grow $6\mathrm{.}8\%$ per$$ year, and its dividend payout rate will remain constant. If$$ Colgate's equity cost of capital is $7\mathrm{.}6\%$ per$$ year, what price does the$$ dividend$-$discount model predict Colgate stock should sell for$$ today?

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Part $1$

The price per share is $$$$?$