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III Homework: Homework 2 Question 34, P 7-18 (similar to) HW Score: 79.39%, 30.17 of 38 points O Points: 0 of 1 Save Assume Gillette Corporation will pay an annual dividend of $0 61 one year from now. Analysts expect this dividend to grow at 12.6% per year thereafter until the 6th year. Thereafter, growth will level off at 2.4% per year According to the dividend-discount model what is the value of a share of Gilette stock if the firm's equity cost of capital is 7.5%? The value of Gillette's stock is $ (Round to the nearest cent.)