Permian Partners (PP) produces from aging oil fields in west Texas. Production is 199 milion barrels per year in 2018 . but production is barrel The average oll price was $6690 per barrel in 2018 PP has 8.9 million shates outstanding. The cost of capital is 7%. All of PP's net incorre is distributed as dividends. For simplicity. assume that the company wil stay in business forever and that costs per barrel are constant at \$26.90. Also, ignore taxes 0. Assume that oliprices are expected to fall to $6190 per barrel in 2019,$56.90 per barrel in 2020 , and $5190 per barrel in 2021 After 2021 , assume a long term trend of oil-price increases at 3% per year. What is the ending 2018 value of one PP share? (Do not round intermediete calculations. Round your onswer to 2 decimal ploces) b-1. What is PP's EPSIP ratio? (Do not round intermediete calculations, Round your onswer to 4 decimal places)