Colgate$-$Palmolive Company has just paid an annual dividend of $$1\mathrm{.}34.$ Analysts are predicting dividends to grow by $$0\mathrm{.}11$ per year over the next $5$ years. After then, Colgate's earnings are expected to grow $3\mathrm{.}1\%$ per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is $5\mathrm{.}5\%$ per year, what price does the dividend$-$discount model predict Colgate stock should sell for today?