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CX Enterprises has the following expected dividends: $1.08 in one year, $1.15 in two years, and $1.31 in three years. After that, its dividends are

CX Enterprises has the following expected dividends: $1.08 in one year, $1.15 in two years, and $1.31 in three years. After that, its dividends are expected to gn 3.9% per year forever (so that year 4's dividend will be 3.9% more than $1.31 and so on). If CX's equity cost of capital is 12.1%, what is the current price of its s ..... The price of the stock will be $ (Round to the nearest cent.)

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