of Chapter Problems a Search this course ment: Ch 08: End of Chapter Problems Save Problem 8-11 (Declining Growth Stock Valuation) Submit Assement for Grading Questions O O Check My Work (1 training 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 o rising. As a result, the company's earnings and dividends are declining at the constant rate of 8% per year. It Do - $2 and ro - 14%, 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 (1 remaining) 0-Icon Key Coestion of Save Submit Assignment for Grading hlom 11 (Declining Growth Stock Valuation)