OX Enterprises has the following expected dividends $1.07 in one year $1.18 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 4.2% per year forever (so that year 4's dividend will be 4.2% more than $1.32 and so on). If CX's equity cost of capital is 11.6% what is the current price of its stock? Click the icon to see the Worked Solution (Formula Solution). The price of the stock will be $ (Round to the nearest cent.) Review Only

Click the icon to see the Worked Solution (Formula Solution). The price of the stock will bo $ (Round to the nearest cent)