Atlas Enterprises just announced that it plans to cut its dividend from $3 to $1.50 per share and use the extra funds to expand its operations.Prior to this announcement, Atlas's dividends were expected to grow at 4% per year and Atlas's stock was trading at $33.00 per share.With the new expansion, Atlas's dividends are expected to grow at 7% per year indefinitely.Assuming that Atlas's risk is unchanged by the expansion, the value of a share of Atlas after the announcement is closest to:

Answers:$30.21

$22.65

$24.63

$27.50