Procter and Gamble $($PG$)$ paid an annual dividend of $$2\mathrm{.}92$ in $2021.$ You expect PG to increase its dividends by $8\mathrm{.}4\%$

per year for the next five years $($through $2026),$ and thereafter by $2\mathrm{.}6\%$ per year. If the appropriate equity cost of capital

for Procter and Gamble is $8\mathrm{.}5\%$ per year, use the dividend$-$discount model to estimate its value per share at the end of

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