Cooperton Mining just announced it will cut its dividend from $ 4.23 to $ 2.44 per share and use the extra funds to expand. Prior to theannouncement, Cooperton's dividends were expected to grow at a 3.3 % rate, and its share price was $ 50.26 With the plannedexpansion, Cooperton's dividends are expected to grow at a 4.7 % rate. What share price would you expect after theannouncement? (Assume that the new expansion does not changeCooperton's risk.) Is the expansion a goodinvestment?