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Part $1$

Procter & Gamble $($PG$)$ paid an annual dividend of $$$$3\mathrm{.}35$ in $2021.$ You expect PG to increase its dividends by $8\mathrm{.}4\%$ per year for the next five years$($through $2026),$ and thereafter by $3\mathrm{.}4\%$ per year. If the appropriate equity cost of capital for Procter & Gamble is $5\mathrm{.}6\%$ per$$ year, use the$$ dividend$-$discount model to estimate its value per share at the end of $2021.$ What is the price pre share