Assignment Score: 0.00% Problem 8 11 (Dediming, Growth Stock Valuation) Save Submit Assignment for Grading Question 6 of 13 Check My Work eBook Declining Growth Stock Valuation Brushy Mountain Mining Company's coal reserves are being depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 3% per year. If Do - $3 and 1. - 12%, what is the estimated value of Brushy Mountain's stock? Do not round intermediate calculations. Round your answer to the nearest cent. Check My Work ^ 11:57 PM 03/03/20