Question: PLEASE SOLVE USING EXCEL AND SHOW FORMULAS Common stock valuelong dashVariable growth Lawrence Industries' most recent annual dividend was $2.43 per share (D0equals$ 2.43), and

PLEASE SOLVE USING EXCEL AND SHOW FORMULAS

Common stock valuelong dashVariable growth Lawrence Industries' most recent annual dividend was $2.43 per share (D0equals$ 2.43), and the firm's required return is 12%.Find the market value of Lawrence's shares when dividends are expected to grow at 20% annually for 3 years, followed by a 6% constant annual growth rate in years 4 to infinity.

The market value of Lawrence's shares is $

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