Procter & Gamble will pay an annual dividend of $$0\mathrm{.}65$ one year from now. Analysts expect this dividend to grow at $12\%$ per year for four years. After then, growth will level off at $2\%$ per year forever. $($i$.$e$.$ D$6=$ D$5*(1+2\%).$ According to the dividend$-$discount model, what is the value of a share of Procter & Gamble stock if the firm$$s equity cost of capital is $8\%?$