= Homework: Chapter 7 Homework Question 5, P7-14 (simila... HW Score: 50%, 4 of 8 points O Points: 0 of 1 Save Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $1.25 per share (D = $1.25), and the firm's required return is 13%. Find the market value of Lawrence's shares when dividends are expected to grow at 8% annually for 3 years, followed by a 4% constant annual growth rate in years 4 to Infinity The market value of Lawrence's shares is $. (Round to the nearest cent.)