Common stock value$-$Variable growth Lawrence Industries' most recent annual dividend was $$1\mathrm{.}24$ per share $(D_0=$$$1\mathrm{.}24),$ and the firm's required return is $16\%.$ Find the market

value of Lawrence's shares when dividends are expected to grow at $15\%$ 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 $

$($Round to the nearest cent.$)$