CX Enterprises has the following expected dividends $1.11 in one year, $1.25 in two years, and $1.35 in three years. After that, its dividends are expected to grow at 4% per year forever (so that year 4's dividend will be 4% more than $1.35 and so on). If CX's equity cost of capital is 12.2%, what is the current price of its stock? The price of the stock will be $. (Round to the nearest cent.)

CX Enterpeises has the following expected dividends $1.11 in one year. $1.25 in two years. and 51.36 in three years. After that its dividends are expected to grow at 4% per year forever (so that year 4 's dividend wil be 4$ more than $1.35 and so on) if CXs equity cost of captal is 122%. What is the current price of its stock? The price of the stock wis bes (Round to the nearest cers)