Procter & Gamble $($PG$)$ paid an annual dividend of $$3\mathrm{.}48$ in $2021.$ You expect PG to increase its dividends by $8\mathrm{.}3\%$ per year for the next five years $($through $2026),$

and thereafter by $2\mathrm{.}7\%$ per year. If the appropriate equity cost of capital for Procter & Gamble is $5\mathrm{.}9\%$ per year, use the dividend$-$discount model to estimate its

value per share at the end of $2021.$

The price per share is $,.($Round to the nearest cent.$)$