CX Enterprises has the following expected dividends:

$1.03 in one year,

$1.23 in two years, and

$1.31 in three years. After that, its dividends are expected to grow at

4% per year forever (so that year four's dividend will be

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?