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Business finance class Common stock value - Variable growth Lawrence Industries' most recent annual dividend was $1.69 per share (D0=$1.69), and the firm's required return

Business finance class
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Common stock value - Variable growth Lawrence Industries' most recent annual dividend was $1.69 per share (D0=$1.69), and the firm's required return is 12%. Find the market value of Lawrence's shares when dividends are expected to grow at 25% annually for 3 years, followed by a 6% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is s (Round to the nearest cent.)

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