Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.28 por share (D = $2.28), and the firm's required return is 15%. Find the market value of Lawrence's shares when dividends are expected to grow at 20% annually for 3 years, followed by a 5% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $. (Round to the nearest cont.)