Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.77 per share (D. = 51.77), and the firm's required return is 14%. Find the market value of Lawrence's shares when dividends are expected to grow at 25% 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.)