FIN 315 - 05 Business Finance 2020 Fall Homework: Chapter 07 Homework Save Score: 0 of 1 pt 6 of 10 (5 complete) HW Score: 50%, 5 of 10 pts P7-15 (similar to) Question Help Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.63 per share (Do = $1.63), and the firm's required return is 16%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% 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 cent.)