Question: Common stock value - Variable growth Lawrence Industries' most recent annual dividend was $ 1 . 2 4 per share ( D 0 = $

Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $1.24 per share (D0=$1.24), and the firm's required return is 16%. Find the market
value of Lawrence's shares when dividends are expected to grow at 15% 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 $
(Round to the nearest cent.)
Common stock value-Variable growth Lawrence Industries' most recent annual dividend was

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