Cx Enterprises has the tollowing expected dividends. $1.03 in one year, $1.25 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 3.5% per year forever (so that year 4 's dividend will be 3.5% more than $1.32 and so on) If Cx 's equity cost of capial is 12.5%, what is the current price of its stock? The price of the stock will bes (Round to the nearest cent)