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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.37 per share (D = $2,37), and the firm's required return is 10%. Find

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Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.37 per share (D = $2,37), and the firm's required return is 10%. Find the market value of Lawrence's shares when dividends are expected to grow at 10% 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.)

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