Question: Need help on this and I will be so grateful for it. Colgate-Palmolive Company has just paid an annual dividend of $1.66. Analysts are predicting

Need help on this and I will be so grateful for it.

Colgate-Palmolive Company has just paid an annual dividend of $1.66. Analysts are predicting dividends to grow by $0.19 per year over the next five years. After then, Colgate's earnings are expected to grow 6.7% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 9.3% per year, what price does the dividend-discount model predict Colgate stock should sell for today

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