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CX Enterprises has the following expected dividends: $1.11 in one year, $1.19 in two years, and $1.27 in three years. After that, its dividends are expected to grow at 4% per year forever (so that year 4's dividend will be 4% more than $1.27 and so on). If CX's equity cost of capital is 11.7%, what is the current price of its stock? The price of the stock will be $. (Round to the nearest cent.)