P7-15 (similar to) Assigned Media Question Help Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $2.08 per share (Do = $2.08), and the firm's required return is 13%. 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.)