CX Enterprises has the following expected dividends: $1.08 in one year, $1.22 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 4.4% per year forever (so that year 4 's dividend will be 4.4% more than $1.32 and so on). If CX's equity cost of capital is 12%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent.)