Question: Please answer this question clearly. Please ensure that your answer is correct. Thank you CX Enterprises has the following expected dividends: $1.13 in one year,

Please answer this question clearly. Please ensure that your answer is correct. Thank you

 Please answer this question clearly. Please ensure that your answer is

CX Enterprises has the following expected dividends: $1.13 in one year, $1.21 in two years, and $1.34 in three years. After that, its dividends are expected to grow at 3.6% per year forever (so that year four's dividend will be 3.6% more than $1.34 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.)

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