Assume Gillette Corporation will pay an annual dividend of
$0.62
one year from now. Analysts expect this dividend to grow at
12.7%
per year thereafter until the
fourth
year.​ Thereafter, growth will level off at
1.7%
per year. According to the​ DDM, what is the value of a share of Gillette stock if the​ firm's equity cost of capital is
8.2%​?