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Maxwell Mining Company's ore reserves are being depleted, so its sales are falling, Aso, bocause its pit is getting deeper each year, its costs are

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Maxwell Mining Company's ore reserves are being depleted, so its sales are falling, Aso, bocause its pit is getting deeper each year, its costs are rising. As a result, the company's eamings and dividends are declining at the constant rate of 8% per year, If D0=$6 and rs=15%, what is the value of Moxwell Mining's stock? Round your answer to the nearest cent

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