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4. Problem 9.10 (Valuatlon of a Dedining Growth 5 tock) Maxweli Mining Company's ore reserves are being depleted, so lis sales are talling. Also, beciuse

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4. Problem 9.10 (Valuatlon of a Dedining Growth 5 tock) Maxweli Mining Company's ore reserves are being depleted, so lis sales are talling. Also, beciuse its pit is getting deeper each yeat, its costs are rising, As a resut, the company's earnings and dividends are declining at the constant rate of 9% per year, If D0=53 and rs=18%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent

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