Common stock value—Variable growth. Lawrence? Industries' most recent annual dividend was ?$1.45 per share ?(D0equals=$ 1.45), and the? firm's required return is 11?%. Find the market value of? Lawrence's shares when dividends are expected to grow at 10?% annually for 3? years, followed by a 33?% constant annual growth rate in years 4 to infinity. The market value of Lawrence's shares is... (round to nearest cent)