Colgate Palmolive company has just paid an annual dividend of $1.04. Analysis are predicting a(n) 10.7% per year growth rate in earnings over the next 5 yrs. After that, Colgate earnings are expected to grow at the current industry average of 5.9% per year. If Colgate's equity cost of capital is 7.1% per year and its dividend payout ratio remains constant, what price does the dividend discount model predict Colgate stock should sell for?