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CX Enterprises has the following expected dividends: $ 1 . 0 9 in one year, $ 1 . 2 2 in two years, and $

CX Enterprises has the following expected dividends: $1.09 in one year, $1.22 in two years, and $1.32 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 than $1.32 and so on). If CX's equity cost of capital is 12.2%, what is the current price of its stock?
The price of the stock will be $,(Round to the nearest cent.)
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