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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.59 per share (D = $1.59), and the firm's required return is 11% Find

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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.59 per share (D = $1.59), and the firm's required return is 11% Find the market value of Lawrence's shares when dividends are expected to grow at 10% annually for 3 years, followed by a 4% constant annual growth rate in years 4 to Infinity The market value of Lawrence's shares is $ (Round to the nearest cent.)

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