CX Enterprises has the following expected dividends; $1.09 in one year, $1.17 in two years, and $1.29 in three years. After that, its ovidends are expected b grow at 45% per year forever (so that year 4 's dividend wil be 4.5% more than 1.29 and so on). If CXs equity cost of capital is 11 . 8%, what is the current price of its stock? The price of the stock will be ? (Round to the nearest cent.)