CX Enterprises has the following expected dividends: $$1\mathrm{.}07$ in one year, $$1\mathrm{.}19$ in two years, and $$1\mathrm{.}33$ in three years. After that, its dividends are expected to grow at $4\mathrm{.}4\%$ per year forever $($so that

year $4\text{'}$s dividend will be $4\mathrm{.}4\%$ more than $$1\mathrm{.}33$ and so on$).$ If CX$\text{'}$s equity cost of capital is $11\mathrm{.}6\%,$ what is the current price of its stock?

The price of the stock will be $9.($Round to the nearest cent.$)$