Colgate-Palmolive Company has just paid an annual dividend of $0.96. Analysts are prodicting an 11.0% per year growth rate in eamings over the noxt five years. After that, Colgate's earnings are expected to grow at the current industry average of 5.2% per year. If Colgate's ecputy cost of capital is 8.5% per year arid ifs dividend poyout ratio remains constant, for what prioo does the DDM predict Colgale stock should sell? The value of Colgate's stock is : (Round to the nearest cont.)