Colgate-Palmolive Company has just paid an annual dividend of $0.94. Analysts are predicting an 11.5% per year growth rate in earnings over the next five years. Afterthat, Colgate's earnings are expected to grow at the current industry average of 5.7% per year. IfColgate's equity cost of capital is 8.5% per year and its dividend payout ratio remainsconstant, for what price does the DDM predict Colgate stock shouldsell?