eBook Problem Walk-Through Maxwell Mining Company's 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 company's earnings and dividends are declining at the constant rate of 8% per year. If Do - $2 and is -15%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent. eBook Problem Walk-Through A stock is expected to pay a dividend of $2.50 at the end of the year i.e., D1 - $2.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 12%, what is the stock's expected price 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. eBook Problem Walk-Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from today. The dividend should grow rapidly at a rate of 36% per year - during Years 4 and 5, but after Year 5. growth should be a constant 9% per year. If the required return on Computech is 17%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent. $