Martell 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 3.20% per year. If the last dividend paid was $4.20 per share and the required rate of return is 13.30%, what is the value of Martell Mining's stock? $40.2535 $41.5842 $24.6400 $25.4545