Save Homework: Extra Credit Assignment Score: 0 of 1 pt 24 of 46 (15 completo) P7-18 (similar to) HW Score: 28.99%, 13.33 of 46 pts E Question Help Assume Gillette Corporation will pay an annual dividend of $0.63 one year from now. Analysts expect this dividend to grow at 11.7% per year thereafter until the 4th year. Thereafter, growth will level off at 24% per year. According to the dividend discount model, what is the value of a share of Gilette stock if the firm's equity cost of capital is 78%? The value of Gillette's stock is $ (Round to the nearest cent)