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14- Assume Gillette Corporation will pay an annual dividend of $ 0.64 one year from now....

14- Assume Gillette Corporation will pay an annual dividend of $ 0.64 one year from now. Analysts expect this dividend to grow at 11.2% per year thereafter until the 44th 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 Gillette stock if the​ firm's equity cost of capital is 8.7%​?

he value of​ Gillette's stock is $

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