CX Enterprises has the following expected dividends: $1.09 in one year, $1.21 in two years, and $1.33 in three years. After that, its dividends are expected to grow at 4.2% per year forever (so that year four's dividend will be 4.2% more than $1.33 and so on). If CX's equity cost of capital is 12.4%, what is the current price of its stock?

a. $15.11

b. $14.77

c. $14.02

d. $13.12