Common stock value - Variable growth. Lawrence industries' most recent annual dividend was 5229 per share (D0=5229), and the firm's required return is 12%. Find the market value of Lavrence's shares when dividends are expected to grow at 25% annually for 3 years; followed by a 6% conslant annual growth rato in years 4 to infinity The markat value of Lawrence's shares is 4 (Round to the nearest cent)