Colgate-Palmolive Company has just paid an annual dividend of $1.38. Analysts are predicting dividends to grow by \$0.16 per year over the next 5 years. After then, Colgate's earnings are expected to grow 3.3% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 5.5% 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.)