8. Jefferson Capital just announced it will cut its dividend from $4.00 to $2.50 per share and use the extra funds to expand its operations. Prior to the announcement, Jefferson's dividends were expected to grow at a 3.0% rate, and its share price was $50.00. With the planned expansion, Jefferson's dividends are expected to grow at a 5.0% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Jefferson's risk.) Is the expansion a good investment