CX Enterprises has the following expected dividends: $1.05 in one year, $1.24 in two years, and $1.31 in three years. After that, its dividends are expected to grow at 3.8% per year forever (so that year 4's dividend will be 3.8% more than $1.31 and so on). If CX's equity cost of capital is 11.7%, what is the current price of its stock? The price of the stock will be $1. (Round to the nearest cent.)