Procter and Gamble $($PG$)$ paid an annual dividend of $$2\mathrm{.}86$ in $2021.$ You expect PG to increase its dividends by $8\mathrm{.}8\%$ per year for the next

five years $($through $2026),$ and thereafter by $2\mathrm{.}8\%$ per year. If the appropriate equity cost of capital for Procter and Gamble is $7\mathrm{.}4\%$ per year,

use the dividend$-$discount model to estimate its value per share at the end of $2021.$

The price per share is $$.($Round to the nearest cent.$)$