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2. CX Enterprises has the following expected dividends: 1.13 in one year, 1.19 in two years, and 1.35 in three years. After that, its dividends

2. CX Enterprises has the following expected dividends: 1.13 in one year, 1.19 in two years, and 1.35 in three years. After that, its dividends are expected to grow at 3.6% per year forever (so that year 4's dividend will be 3.6% more than1.35 and so on). If CX's equity cost of capital is 12.1%, what is the current price of its stock?

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