CX Enterprises has the following expected dividends: $1.15 in one year, $1.23 in two years, and $1.31 in three years. After that, its dividends are expected to grow at 3.7% per year forever (so that year 4 's dividend will be 3.7% 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 $. (Round to the nearest cent.)