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CX Enterprises has the following expected dividends: $1.01 in one year, $1.16 in two years,...

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CX Enterprises has the following expected dividends: $1.01 in one year, $1.16 in two years, and $1.34 in three years. After that, its dividends are expected to grow at 4.3% per year forever (so that year four's dividend will be 4.3% more than $1.34 and so on). If CX's equity cost of capital is 11.7%, what is the current price of its stock? The price of the stock will be $. (Round to the nearest cent.)

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