Colgate-Palmolive Company has just paid an annual dividend of$ 1.65.Analysts are predicting dividends to grow by$ 0.12. per year over the next five years. After then, Colgate's earnings are expected to grow6.8 %. per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 8.4 % per year, what price does the dividend-discount model predict Colgate stock should sell for today? The price per share is $nothing. (Round to two decimal places.)