Colgate$-$Palmolive Company has just paid an annual dividend of $$$$1\mathrm{.}22.$ Analysts are predicting dividends to grow by $$0\mathrm{.}11$ per year over the next $5$ years. After$$ then, Colgate$\text{'}$s earnings are expected to grow $4\mathrm{.}2\%$ per$$ year, and its dividend payout rate will remain constant. If Colgate$\text{'}$s equity cost of capital is $6\mathrm{.}5\%$ 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.$)$