Common stock value - Varlable growth Lawrence Industries' most recent annual dividend was $2.59 per share (D0=$2.59), and the firm's required return is 13%. Find the market value of Lowrence's shares when dividends are expected to grow at 15% annualy 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.)