Question Help Assume Gilette Corporation will pay an annual dividend of $0.65 one year from now. Analysis expect this dividend to grow at 12.5% per year thereafter until the 6th year. Thereafter, growth will level off at 1.6% per year. According to the dividend discount model, what is the value of a share of Glotto stock if the firm's equity cost of capital is 7.842 The value of Gillette's stock is $(Round to the nearest cont.)