Cooperton Mining just announced it will cut its dividend from $3 99 to $247 per share and use the extra funds to expand Prior to the announcement, Cooperton's dividends were expected to grow at a 35% rate, and its share price was $51 77 With the planned expansion Cooperton's dividends are expected to grow at a 49% rate What share pnce would you expect after the announcement? (Assume that the new expansion does not change Cooperton's risk) is the expansion a good investment? CE The new price for Cooperton's stock will be $I) (Round to the nearest cont)