Question: Common stock value Variable growth Lawrence Industries' most recent annual dividend was $1.54 per share (D0=$ 1.54), and the firm's required return is 10%. Find

Common stock value Variable growth Lawrence Industries' most recent annual dividend was $1.54 per share (D0=$ 1.54), and the firm's required return is 10%. Find the market value of Lawrence's shares when dividends are expected to grow at 20% annually for 3 years, followed by a 7% constant annual growth rate in years 4 to infinity.

The market value of Lawrence's shares is $

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