Permian Partners (PP) produces from aging of fields in west Texas. Production is 198 million barrels per year in 2016, but production is declining at 6% per year for the foreseeable future. Costs of production, transportation, and administration add up to $26 80 per barrel. The average of price was 566 80 per barrel in 2016, PP has 8.8 million shares outstanding. The cost of capitalis 0%. Al of PP's net income is distributed as dividends For Simplicity, assume that the company will stay in business forever and that costs per barrere constant at $26 10 A ignore takes trend of o nce inces a. Assume that oil prices are expected to two 551 80 per bame in 2017, 556.50 per barrel in 2015 and 551 30 per banelin 2019 Aber 2019 me a long 4% per year. What is the ending 2016 va of one PP share Do not round intermediate calculations. Round your answer to 2 decimal places.) Share values -1. What is PP'S EPSP rativ? (Do not round intermediate calculations. Round your answer to 3 decimal places.) EPSIP ratio 1-2. Is it equal to the 8% cost of capital No