$CX$ Enterprises has the following expected dividends:

$ $1\mathrm{.}04$$$1\mathrm{.}04$

$in$ one year,

$ $1\mathrm{.}15$$$1\mathrm{.}15$

$in$ two years, and

$ $1\mathrm{.}26$$$1\mathrm{.}26$

$in$ three years. After that, its dividends are expected $to$ grow $at$

$3\mathrm{.}8\%3\mathrm{.}8\%$

per year forever $(so$ that year $4\text{'}s$ dividend will $be$

$3\mathrm{.}8\%3\mathrm{.}8\%$

more than

$ $1\mathrm{.}26$$$1\mathrm{.}26$

and $soon).IfCX\text{'}s$ equity cost $of$ capital $is$

$12\mathrm{.}1\%12\mathrm{.}1\%,$

what $is$ the current price $of$ its stock?

$ $1\mathrm{.}04$$$1\mathrm{.}04$

$in$ one year,

$ $1\mathrm{.}15$$$1\mathrm{.}15$

$in$ two years, and

$ $1\mathrm{.}26$$$1\mathrm{.}26$

$in$ three years. After that, its dividends are expected $to$ grow $at$

$3\mathrm{.}8\%3\mathrm{.}8\%$

per year forever $(so$ that year $4\text{'}s$ dividend will $be$

$3\mathrm{.}8\%3\mathrm{.}8\%$

more than

$ $1\mathrm{.}26$$$1\mathrm{.}26$

and $soon).IfCX\text{'}s$ equity cost $of$ capital $is$

$12\mathrm{.}1\%12\mathrm{.}1\%,$

what $is$ the current price $of$ its stock?

$CX$ Enterprises has the following expected dividends: $$1\mathrm{.}04in$ one year, $$1\mathrm{.}15in$ two years, and $$1\mathrm{.}26in$ three years. After that, its dividends are expected $to$ grow $at3\mathrm{.}8\%3\mathrm{.}8\%$ more than $$1\mathrm{.}26$ and $soon12\mathrm{.}1\%,$ what $is$ the current price $of$ its stock?

The price $of$ the stock will $be$

$(Roundto$ the nearest cent.$)$