Colgate-Palmolive Company has just paid an annual dividend of $0.99. Analysts are predicting an 11,6% per year growth rate in earnings over the next five years. Alter that, Colgate's camings are expected to grow at the current industry average of 5.6% per year. If Colgate's equity cost of capital is 8.1% per year and its dividend payout ratio remains constant, for what price does the DDM predict Colgate stock should sell? CD The value of Colgate's stock is $ (Round to the nearest cent.)