CX Enterprises has the following expected dividends: $1.08 in one year, $1.21 in two yoars, and $1,32 in three years. After that, its dividends are expected to grow at 3.8% per ye forever (so that year 4 's dividend wia be 3.8% more than $1.32 and so on). If CX's equity cost of capital is 11.6%, what is the current price of its stock? The price of the slock will be t (Round to the nearest cent.)