Common stock value - Variable growth Lawrence Industries' most recent anntal dividend was $2.04 per sharo (D2=$2.04), and the firmis required retum is 103. Find the market value of Lawronoe's shares when dividends are expected to grow at 8% arnually for 3 years, followed by a 5% constant annual growth rate in years 4 to infinity. The market vilue of Lawrence's shares is $ (Round to the nearest cent)