Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.44 per share ( D0=$2.44), and the firm's required return is 10%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% annually for 3 years, followed by a 3% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $ (Round to the nearest cent.)