Colgate$-$Palmolive Company has just paid an annual dividend of $$$$1\mathrm{.}68.$ Analysts are predicting dividends to grow by$$0\mathrm{.}13$ per year over the next $5$ years. After$$ then, Colgate$\text{'}$s earnings are expected to grow $3\mathrm{.}6\%$ per$$ year, and its dividend payout rate will remain constant. If Colgate$\text{'}$s equity cost of capital is $7\mathrm{.}4\%$ per$$ year, what price does the$$ dividend$-$discount model predict Colgate stock should sell for$$ today?

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