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CX Enterprises has the following expected dividends: $ 1 . 0 1 in one year, $ 1 . 2 5 in two years, and $

CX Enterprises has the following expected dividends: $1.01 in one year, $1.25 in two years, and $1.31 in three years. After that, its dividends are expected to grow at 4.4% per year forever (so that year 4's dividend will be 4.4% more than $1.31 and so on). If CX's equity cost of capital is 11.6%, what is the current price of its stock?
The price of the stock will be. $,(Round to the nearest cent)
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