VALUATION OF A DECLINING GROWTH STOCK Martell Mining Companys 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 companys earnings and dividends are declining at the constant rate of 4.75% per year. If D₀ = $5.50 and r_s = 14.75%, what is the value of Martell Minings stock? Round to TWO decimal places.