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Procter & Gamble will pay an annual dividend of $0.65 one year from now. Analysts expect this dividend to grow at 11.1% per year thereafter until the fifth year. After that, growth will level off at 1.7% per year. According to the dividend-discount model, what is the value of a share of Procter & Gamble if the firm's equity cost of capital is 7.2%? The price per share is $. (Round to the nearest cent.)