Part $1$

CX Enterprises has the following expected$$ dividends: $ $1\mathrm{.}01$ in one$$ year, $ $1\mathrm{.}25$ in two$$ years, and $ $1\mathrm{.}31$ in three years. After$$ 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 $ $1\mathrm{.}31$ and so$$ on$).$ If$$ CX$\text{'}$s equity cost of capital is $11\mathrm{.}6\%,$ what is the current price of its$$ stock?