CX Enterprises has the following expected dividends: $1.06 in one year, $1.23 in two years, and $1.34 in three years. After that, its dividends are expected to grow at 3.7% per year forever (so that year 4 's dividend will be 3.7% more than $1.34 and so on). If CX's equity cost of capital is 11.8%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent.)