Procter and Gamble (PG) paid an annual dividend of $2.87 in 2021. You expect PG to increase its dividends by 8.4% per year for the next five years (through 2026), and thereafter by 2.9% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.6% per year, use the dividend-discount model to estimate its value per share at the end of 2021. The price per share is S. (Round to the nearest cent.) Procter and Gamble (PG) paid an annual dividend of $2.87 in 2021. You expect PG to increase its dividends by 8.4% per year for the next five years (through 2026), and thereafter by 2.9% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.6% per year, use the dividend-discount model to estimate its value per share at the end of 2021. The price per share is S. (Round to the nearest cent.)