CX Enterprises has the following expected dividends: $1.15 in one year, $1.22 in two years, and $1.29 in three years. After that, its dividends are expected to grow at 3.6% per year forever (so that year 4's dividend will be 3.6% more than $1.29 and so on). If CX's equity cost of capital is 11.5% , what is the current price of its stock?

The price of the stock will be $ _____ (Round to the nearest cent.)