CX Enterprises has the following expected dividends: $1.00 in one year, $1.15 in two years, and $1.25 in three years, Atter that, its dividends are expected to grow at 4% per year forever (so that year 4 's dividend will be 4% more than $1.25 and so on). If CX 's equity cost of capital is 12%, what is the current price of its stock? The price of the stock will bes (Round to the nearest cent.)