CX Enterprises has the following expected dividends: $1.04 in one year, $1.18 in two years, and $1.29 in three years. After that, its dividends are expected to grow at 4.5% per year forever (so that year 4's dividend will be 4.5% more than $1.29 and soon). If CX's equity cost of capital is 12%, what is the current price of its stock?