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Common stock value-Variable growth Lawrence Industries most recent annual dividend was $1.04 per share (D 1.04), and the firm's required return is 12% Find the

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Common stock value-Variable growth Lawrence Industries most recent annual dividend was $1.04 per share (D 1.04), and the firm's required return is 12% Find the market value of Lawrence's shares when dividends are expected to grow a 20 annually for 3 years followed by a 4% consta annual gro e in years 4 to infinity The market value of Lawrence's shares is s (Round to the nearest cent.)

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