Common stock value - Variable growth Lawrence industriesi most recent annual dividend was 51.03 per share (Dj =51.03 ) and the firmis required retum is 10%. Find the maket value of Lavrence's shares when dividends are expecfed to grow at 20% annually for 3 years, followed by a 7% constant annual growith rate in years 4 to infinity. The narket value of Lawrence's shares is : (Round to the neatest cent)