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*Please answer in excel format. Thank you in advance* P7-15 Common stock value: Variable...

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*Please answer in excel format. Thank you in advance*

P7-15 Common stock value: Variable growth Lawrence Industries' most recent annual dividend was $1.80 per share (D = $1.80), and the firm's required return is 11%. Find the market value of Lawrence's shares when: a. Dividends are expected to grow at 8% annually for 3 years, followed by a 5% constant annual growth rate in year 4 to infinity. b. Dividends are expected to grow at 8% annually for 3 years, followed by a 0% constant annual growth rate in year 4 to infinity. c. Dividends are expected to grow at 8% annually for 3 years, followed by a 10% constant annual growth rate in year 4 to infinity. a

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