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AFT'I SHal IU) CX Enterprises has the following expected dividends: $1.08 in one year $1.16 in two years, and $1.28 in three years. After that,

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AFT'I SHal IU) CX Enterprises has the following expected dividends: $1.08 in one year $1.16 in two years, and $1.28 in three years. After that, its dividends are expected to grow at 3.7% per year forever (so that year's dividend will be 3.7% more than $1 28 and so on). CX's equity cost of capital is 12%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent)

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