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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.18 per share (D =$2.18), 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 $2.18 per share (D =$2.18), and the firm's required return is 12%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% annually for 3 years, followed by to infinity. 5% constant annual growth rate in years 4 The market value of Lawrence's shares is $ (Round to the nearest cent.) Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.18 per share (D = $2.18), and the firm's required return is 12%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% annually for 3 years, followed by to infinity 5% constant annual growth rate in years 4

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