Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.06 per share (D =$1.06), and the firm's required retum is 12%. Find the market value of Lawrence's shares when dividends are expected to grow at 25% annually for 3 years, followed by a 8% constant annual growth rate in years 4 to infinity The market value of Lawrence's shares is $. (Round to the nearest cent.)