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CX Enterprises has the following expected dividends: $ 1 . 0 1 in one year, $ 1 . 2 3 in two years, and $

CX Enterprises has the following expected dividends: $ 1.01 in one year, $ 1.23 in two years, and $ 1.29 in three years. After that, its dividends are expected to grow at 4.5% per year forever(so that year4's dividend will be 4.5% more than $ 1.29 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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