Question: Common stock value - Variable growth Lawrence Industries' most recent annual dividend was $1.81 per share (D0=$1.81), and the firm's required return is 14%. Find

 Common stock value - Variable growth Lawrence Industries' most recent annual

Common stock value - Variable growth Lawrence Industries' most recent annual dividend was $1.81 per share (D0=$1.81), and the firm's required return is 14%. 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 cent.)

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