P7-15 (similar to) Question Help Common stock value Variable growth Lawrence Industries most recent annual dividend was S2.48 per share (D-$2.48 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 3% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is s(Round to the nearest cent) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check