Lawrence? Industries' most recent annual dividend was ?$2.38 per share ?(D0equals $ 2.38?), and the? firm's required return is 15 ?%. Find the market value of? Lawrence's shares when dividends are expected to grow at 30 ?% 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.)