College Success Tips Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 10% per year. If Do = $5 and rs = 16%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent. Career Success Tips $ ? Help Give Feedback Save & Continue Continue without saving