Common stock value Variable growth Lawrence Industries' most recent annual dividend was $2.55 per share (D = $2.55), and the firm's required return is 15%. Find the market value of Lawrence's shares when dividends are expected to grow at 15% annually for 3 years, followed by a 7% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $ . (Round to the nearest cent.) Enter your answer in the answer box