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Colgate-Palmolive Company has just paid an annual dividend of $1.84. Analysts are predicting dividends to grow by $0.13 per year over the next 5 years.

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Colgate-Palmolive Company has just paid an annual dividend of $1.84. Analysts are predicting dividends to grow by $0.13 per year over the next 5 years. After then, Colgate' remain constant. If Colgate's equity cost of capital is 5.9% per year, what price does the dividend-discount model predict Colgate stock should sell for today? The price per share is s (Round to two decimal places.) r year over the next 5 years. After then, Colgate's earnings are expected to grow 3.2% per year, and its dividend payout rate will ate stock should sell for today

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