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XP 7-18 (similar to) Question Help $ Assume Gillette Corporation will pay an annual dividend of 0.67 one year from now. Analysts expect this dividend

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XP 7-18 (similar to) Question Help $ Assume Gillette Corporation will pay an annual dividend of 0.67 one year from now. Analysts expect this dividend to grow at 112% per year thereafter until the 4th year. Thereafter, growth will level off at 1.8% per year. According to the dividend discount model, what is the value of a share of Gilotte stock if the firm's equity cost of capital is 8.8%? The value of Gillette's stock is $. (Round to the nearest cont.)

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