Colgate$-$Palmolive Company has just paid an annual dividend of $$1\mathrm{.}52.$ Analysts are predicting dividends to grow by $$0\mathrm{.}16$ per year over the next $5$ years. After then, Colgate's earnings are

expected to grow $4\mathrm{.}7\%$ per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is $6\mathrm{.}6\%$ 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.$)$