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Colgate - Palmolive Company has just paid an annual dividend of $ 1 . 9 9 . Analysts are predicting dividends to grow by $

Colgate-Palmolive Company has just paid an annual dividend of $1.99. Analysts are predicting dividends to grow by $0.17 per year over the next 5 years. After then, Colgate's earnings are expected to grow 4.4% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 6.7% 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.)
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