CX Enterprises has the following expected$$ dividends: $ $1\mathrm{.}14$ in one$$ year, $ $1\mathrm{.}21$ in two$$ years, and $ $1\mathrm{.}34$ in three years. After$$ that, its dividends are expected to grow at $4\%$ per year forever$($so that year$4\text{'}$s dividend will be $4\%$ more than $ $1\mathrm{.}34$ and so$$ on$).$ If$$ CX$\text{'}$s equity cost of capital is $11\mathrm{.}5\%,$ what is the current price of its$$ stock?

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Part $1$

The price of the stock will be $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$