CX Enterprises has the following expected dividends:$1.05 in one year,$1.19 in two years, and $1.32 in three years. After that, its dividends are expected to grow at4% per year forever (so that year 4's dividend will be 4% more than $1.32 and so on). If CX's equity cost of capital is 12.5%, what is the current price of its stock?

The price of the stock will be $____.