Score: 0 of 1 pt ( 11 of 14 (13 complete) N Score: 85.71... XP7-18 (similar to) Assume Gillette Corporation will pay an annual dividend of $0.63 one year from now. Analysts expect this dividend to grow at 11.3% per year thereafter until the 5th year. Thereafter, growth will level off at 2.1% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.4%? The value of Gillette's stock is $ . (Round to the nearest cent.)