CX Enterprises has the following expected dividends: $1.07 in one year, $1.18 in two years, and $1.34 in three years. After that, its dividends are expected to grow at 4.1% per year forever (so that year four's dividend will be 4.1% more than $1.34 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 $. (Round to the nearest cent.)