P7-15 (similar to) Question Help Common stock value -Variable growth Lawrence Industries' most recent annual dividend was $1.98 per share (Do $1.98), and the firm's required return is 11 %. Find the market value of Lawrence's shares when dividends are expected to grow at 30 % annually for 3 years, followed by a 6 % constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is S(Round to the nearest cent.)