CX Enterprises has the following expected dividends: $1.11 in one year, $1.23 in two years, and $1.31 in three years. After that, its dividends are expected to grow at 3.9% per year forever (so that year four's dividend will be 3.9% more than $1.31 and so on). If CX's equity cost of capital is 12.5%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent.)