what is the value of stock

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Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 5% per year. If D₀ = $4 and r_s = 15%, what is the value of Brushy Mountain Mining's stock? Round your answer to the nearest cent.

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