Colgate-Palmolive Company has just paid an annual dividend of​$1.59 Analysts are predicting dividends to grow by$ 0.14 per year over the next 5 years. After​ then, Colgate​'s earnings are expected to grow 4.6 % per​ year, and its dividend payout rate will remain constant. If Colgate​'s equity cost of capital is 6.8 %per​ year, what price does the​ dividend-discount model predict Colgate stock should sell for​ today?