CX Enterprises has the following expected dividends: $1.08 in one year, $1.19 in two years, and $1.29 in three years. After that, its dividends are expected to grow at 4.2% per year forever (so that year 4's dividend will be 4.2% more than $1.29 and so on). If CX's equity cost of capital is 12.4%, what is the current price of its stock? The price of the stock will be I (Round to the nearest cent.)