CX Enterprises has the following expected dividends: $1.06 in one year, $1.15 in two years, and $1.33 in three years. After that, its dividends are expected to grow at 3 .6\% per year forever (co that year 4 's dividend will be 3.6% more than $1.33 and so. on). If CX's equity coat of capital is 12\%. what is the current price of its stock? The price of the stock will be \{ (Round to the nearest cent)