CX Enterprises has the following expected dividends: $1.03 in one year, $1.16 in two years, and $1.34 in three years. After that, its dividends are expected to grow at 4.3% per year forever (so that year 4's dividend will be 4.3% more than $1.34 and so on). If CX's equity cost of capital is 12.4%, what is the current price of its stock?

- The price of the stock will be $________. (Round to the nearest cent.)