P7-15 (similar to) Question Help 0 Common stock valueVariable growth Lawrence Industries' most recent annual dividend was $2.58 per share (Do = $2.58), and the firm's required return is 12%. Find the market value of Lawrence's shares when dividends are expected to grow at 25% annually for 3 years, followed by a 5% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is $ (Round to the nearest cent.)