Colgate-Palmolive Company has just paid an annual dividend of $1.08. Analysts are predicting dividends to grow by $0.12 per year over the next five years. After then, Colgate's earnings are expected to grow 6.2% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 9.7% per year, what price does the dividend-discount model predict Colgate stock should sell for today? Please use NPV function on excel to solve