CX Enterprises has the following expected dividends:

$1.13

in one year,

$1.18

in two years, and

$1.31

in three years. After that, its dividends are expected to grow at

3.8%

per year forever (so that year 4's dividend will be

3.8%

more than

$1.31

and so on). If CX's equity cost of capital is

12.4%,

what is the current price of its stock?

The price of the stock will be

$nothing.

(Round to the nearest cent.)