K Assume Gillette Corporation will pay an annual dividend of $0.63 one year from now. Analysts expect this dividend to grow at 12.2% per year thereafter until the 4th year. Thereafter. growth will level off at 1.5% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 78%? The value of Gillette's stock is $ (Round to the nearest cent.) KILD